George Szalai

Ex-FCC Chairman Powell Joins Providence Equity

Ex-FCC Chairman Powell Joins Providence Equity

Former Federal Communications Commission Chairman Michael Powell has joined private equity firm Providence Equity Partners, which focuses on the media and communications sectors, as a senior advisor.
SBS Making TV Debut

SBS Making TV Debut

Radio station group Spanish Broadcasting System is broadening its reach into the television sector, unveiling a $37.5 million deal to acquire WDLP-TV and other TV assets serving Miami and South Florida.
MTV Networks Buys Neopets

MTV Networks Buys Neopets

As it continues to expand and strengthen its Web business, Viacom unit MTV Networks said June 20 it has acquired NeoPets, the operator of a fast-growing youth community on the Internet.
EchoStar Names New Prez

EchoStar Names New Prez

Satellite TV provider EchoStar Communications strengthened its executive suite, naming former Bell Canada executive Michael Neuman its new president/COO and appointing Carl Vogel, who recently joined the firm's board after leaving his post as CEO of cable firm Charter Communications, to the post of vice chairman.
Viacom Board Approves Split

Viacom Board Approves Split

The board of Viacom Inc. has unanimously approved the split of the company into two separately traded entities, the entertainment giant said June 14. The split is expected to be completed in the first quarter of 2006.
Diller Sells Stake In VUE

Diller Sells Stake In VUE

Barry Diller's Internet juggernaut IAC/InterActiveCorp took its foot out of the Hollywood door June 8, unveiling a $3.4 billion cash and stock deal to sell a minority stake in a part of NBC Universal back to the company, which is 80%-controlled by General Electric and 20% by Vivendi Universal Entertainment.
Sony Cutting Management

Sony Cutting Management

Entertainment and electronics giant Sony Corp. on June 2 unveiled a pared-down management structure as Howard Stringer, who is set to take over as group chairman/CEO on June 22, starts to streamline operations and set up the company for improved cooperation across divisions.

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