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.
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.
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.
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.
Since Tom Freston and Leslie Moonves took over as co-presidents/co-COOs of Viacom Inc., the company has re-energized its focus on bringing its various content brands to new technologies to create new revenue streams and further strengthen consumers' connection with the brands, industry observers say.
U.K. videogame maker Eidos Plc. said March 22 that it has agreed to a $136.3 million all-cash acquisition by Silicon Valley private equity firm Elevation Partners, whose partners include U2 singer Bono and former executives of Electronic Arts and Apple Computer.