With a possible loss of USD3 billion and failure in the lower courts, telecommunications companies have gone up to the Supreme Court to decide on the legality of New York based Aereo.

John Landgraf, Chief executive of FX Networks, criticized CBS and Amazon openly about their current agreement for the latter to stream episodes of new shows like "Under the Dome" days after it aired on primetime TV.

Although both companies declined to comment, analysts said Time Warner might have caved in to CBS's demands for higher transmission fee and additional fees for digital content.

As the dispute over terms of the retransmission contract between CBS and Time Warner Cable rages on, government representatives and federal regulators are considering to take action to end the dispute at the soonest possible time.

BlackBerry verified that three senior executive officials were removed from the company. A report on Wednesday said BlackBerry told CBS that the company is in the "second phase of our transformation plan," while confirming the removal of three executives from the firm.

Time Warner Cable agreed to keep CBS on air after both sides failed to agree on fees. After the two sides went on a stalemate on talks over fees, Time Warner Cable relented to the request of CBS to keep the network on air.

CBS Broadcast Network and Time Warner Cable Inc announced that they will continue their negotiations for broadcast fees.

Time Warner Cable and CBS have yet to reach a conclusion regarding the re-transmission of CBS programming.

Time Warner and CBS's complementary strengths would make a merger most viable. Time Warner Inc and CBS Corp have flirted about a merger for many years and now may be a good time for it to happen.

CBS Corp is considering a bid for Dick Clark Productions and would join other bidders including "American Idol" host Ryan Seacrest.