NEW YORK -- Led by China and India, growth in Asia's media and entertainment market will outpace growth in the rest of the world and reach a valuation of half a trillion dollars in the next five years, according to

U.S. advertising spending forecasts continue to tumble.

Dougherty Commercial Properties has bought five metro area office and industrial properties from an Iowa firm a move marking its first Minneapolis-area purchase.

Landmark Communications reported Sunday it inked a deal to sell The Weather Channel and its related assets to NBC Universal, Bain Capital and The Blackstone Group.

Northrop Grumman Corp. said Monday it has signed a 10-year lease for 160,000 square feet of office space near Baltimore/Washington International Thurgood Marshall Airport. (NOC)

Hollywood's still holding its breath.

Alliance Films' bid to buy Scandinavian distributor Scanbox has collapsed after nearly a year of negotiations, sources said.

In an attempt to measure consumption of what at 3,600 hours will be the largest amount of Olympics coverage in history, NBC Universal is pulling out all the stops.

NBC Universal's buyout of the Weather Channel -- one of the last big independent cable networks -- will further boost NBC Uni's suite of news and information properties on TV and in the digital world.