Billionaire shareholder, Carl Icahn, who has made an aggressive buyout offer for Lions Gate Entertainment Corp., said that he aims an alternative struggle to try to substitute the corporation's board with his own candidates.
In an open letter to the directors, Icahn repeated that he will not extend his proposal to purchase the firm's shares for $7 each.
Icahn, the second-biggest investor in Lions Gate with roughly 19% of the stock, has been wrestling for command of the independent film studio since February.
Entertainment conglomerate Viacom Inc. would be paying its first dividend payment of 15 cents per Class A and B common share on July 1 to shareholders of record as of June 21.
The parent of the Paramount Pictures film studio and MTV Networks, which includes cable channels like MTV, Nickelodeon, Comedy Central and TV Land, Viacom made this information public at its annual shareholders’ meeting on Wednesday.
Besides, the Company also announced the resumption of its stock buyback program, which was put on hold during the economic slowdown over a year ago.
Satellite TV provider British Sky Broadcasting has confirmed that it had settled a long-running dispute with technology firm HP over a failed IT system that EDS sold to the broadcaster ten years ago.
The settlement emerged after HP agreed to pay £318 million to BSkyB. It may be noted here that earlier in January HP was ordered by the high court to £270 million to BSkyB. It took six years for the two to hit a settlement.
The total settlement includes £230 million in damages, £40 million in interest and tax, which has already been paid by HP.
HP had to finally give in and settle on paying out £318m to BSkyB in damages six months, following a UK court ruling that EDs is owned by HP had misrepresented its capabilities in delivering a CRM system.
The CRM system had been given an order in 2000 and the legal fight followed until the court's ruling that came in favor of in BSkyB's in the month of January.
A BSkyB spokesperson said that both the parties have come to jointly settled terms and the case has seen a closure.
Media production corporation, Ten Alps Plc. posted a 17.6% fall in full-year proceeds, which was hurt by meager advertising sales, but stated that in the fiscal year of 2012, there will be better scene to look at.
The Company, which offers and takes control of content on TV, radio, online TV and print, also lessened its net debt by 17.2% to 12 million pounds, $17.36 million.
For the year that ended on March 31, Ten Alps posted pretax proceeds of 3.2 million pounds, as contrasted with 3.3 million pounds in the year-ago period.
After Turkey's highest circulating paper, Hurriyet, released photos of the Israeli Navy Commanders involved in the clash aboard the Gaza-bound Turkish aid ship Mavi Marmara, last week, it said that the photographs were initially deleted by Israel, but later restored by Turkish activists.
Earlier, the Israel Defense Forces released a video that showed the activists on the ship attacking the navy commandos. It was argued by the activists that they were initially attacked.
It has been reported on Saturday that Walt Disney Co will have an exclusive talk on Monday to sell its Miramax film unit to Los Angeles construction magnate Ron Tutor and film financier partner David Bergstein.
When Disney declined the comments, Tutor and Bergstein were unavailable. The Tutor has said that the exclusive negotiating window would expire at midnight on June 17; however, he added that such deadlines were frequently extended.
The BBC has announced that it would launch a simulcast of BBC One in high definition this autumn, in a move that would allow viewers to watch programmes such as Holby City, EastEnders, The Apprentice and The One Show in high definition.
The corporation said the BBC One would be simulcast in HD on all the major media viz. Sky, Virgin Media, Freesat HD and Freeview HD and the daily amount of HD content would jump from nine hours to twelve hours daily.
With an aim to help boost the rivals, a full television debate between all candidates for the Labour leadership, was called by David Miliband, as vigilance to the wind, last night. He visions a finest approach to engage party members and the public by writing to the five other candidates, saying a television debate, that’ll be analogous to the head to head contests among party leaders throughout the general election.
Satellite broadcaster Sky has criticized the BBC's planned move to redirect iPlayer viewers to online video sites of rival broadcasters such as ITV, Channel 4 and Five.
Under the BBC's plans, if a user enters the title of a non-BBC show, he/she would get a link to the player belonging to the broadcaster which streams that particular show.
The Times and the Sunday Times have unveiled redesigned websites, for which users will have to pay subscription fees from next month.
Readers will have to pay £1 for the Daily Times, and £2 for a week’s subscription. However, those who register will be able to access the websites free of charge until late June.
Currently, timesonline. co. uk site, which represents Rupert Murdoch’s News Corporation, is free to be accessed. The existing site will be replaced by two new sites viz. thetimes. co. uk and sundaytimes. co. uk.
Canwest Global Communications Corp. is reported to be given a green signal by an Ontario court to retail its publishing division to a group of unsecured creditors, spearheaded by National Post president and CEO Paul Godfrey.
The newspaper operation's unsecured lenders is reported to shell out $1.1-billion for the country's biggest chain of papers, including titles such as the Montreal Gazette, Ottawa Citizen and Calgary Herald.
A damaged satellite may lead to blackout for millions of TV audience across the United States. Associated Press reported that the satellite known as Galaxy 15 recently broke contact from its owner, Intelsat on April 5. Even though the exact cause of this is not known, it is being speculated that the satellite may have been damaged by a solar storm.
The BBC's online has acquired a feather on its cap by grabbing the "Peoples Voice" awards at the Webby award function.
The achievement in recognition of excellence on the internet has boosted the morale of BBC, says a spokesperson from BBC.
He further added that winning awards through votes has always been supported and acknowledged when compared to winning, which are judged by a panel of industry experts. But here, both awards won by the BBC were in fact voted by the public.
The television seems to occupy the maximum viewership amongst all age groups and continues to grow.
The results of the a study, list out that an average UK TV viewer watches 30 hours and 4 minutes of TV , the data recorded during the first quarter of the year, by Thinkbox, a television marketing body for the main UK commercial broadcasters.
The above stats state that the figures have risen up by 2 hours and 29 minutes on the same time last year. This is the case common to all, irrespective of a particular age group.
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