Conglomerate companies

  1. Irving Azoff's Exit: The Invisible Hand of John Malone

    December 31, 2012 9:57 PM EST The exit of veteran music manager Irving Azoff as executive chairman at Live Nation comes two months after another media veteran, Mel Karmazin, stepped down as chairman and CEO of SiriusXM Satellite Radio. The person they have in common? Veteran m ...

  2. Sony, Warner Music Settle $50 Million Bankruptcy Claims With Beyond Oblivion

    August 01, 2012 6:56 PM EDT The bankruptcy process doesn't get much more exciting than what's been happening with Beyond Oblivion, the ambitious digital music business that was backed by Rupert Murdoch's News Corp. and other investors to the tune of $87 millio ...

  3. Sony Stock Dips Below 1,000 Yen, First Time Since 1980

    June 04, 2012 8:14 AM EDT TOKYO (AP) -- Sony's stock price fell below 1,000 yen Monday for the first time since 1980 in a symptom of weak global markets and the company's decline after huge success with the Walkman three decades ago. Battered by competition from ...

  4. Entertainment, Other Stocks End Flat After Dow Exceeds Milestone

    February 22, 2012 7:30 AM EST NEW YORK - U.S. stocks, including shares of entertainment conglomerates, finished Tuesday's trading day flattish after initial gains that pushed the Dow Jones Industrial Average index above 13,000 for the first time since May 2008. Higher oil ...

  5. Sony Shares Hit 52-Week Low Amid Global Market Sell-Off

    August 05, 2011 7:56 AM EDT UPDATED: The stocks of entertainment conglomerates Walt Disney and Time Warner are now down for the year-to-date period, News Corp. closed at the same price as at the end of 2010, while CBS Corp. and Viacom remain ahead of their 2010 closing price ...

  6. Live Nation Would Benefit From Going Private: John Malone

    July 07, 2011 8:28 AM EDT SUN VALLEY, Idaho - Live Nation Entertainment , the world's largest concert and promotions business, would benefit from being taken private, according to the company's largest shareholder. Cable entertainment mogul John Malone said Live ...

  7. Live Nation Shares Rise, Then Slip After Report Company May Go Private

    June 13, 2011 3:50 PM EDT Shares of Live Nation have risen after a Friday New York Post report claimed the company is in early buyout discussions with Liberty Media. Shares rose 6% on Friday but were down over 3% in early Monday trading, suggesting the market was less cert ...

  8. News Corp in Talks With Vevo on Myspace

    March 29, 2011 7:50 AM EDT News Corp has held talks to give control of Myspace to the music label-owned video site Vevo.com, but the likelihood of a deal being reached was slim, a person with knowledge of the talks said. News Corp in February kicked off the process to explo ...

  9. Business Matters: For Sale: Barely Used Social Networking Site

    February 03, 2011 1:00 PM EST For Sale: Barely Used Social Networking Site -- News Corp. is ready to sell struggling social network Myspace, chief operating officer Chase Carey said in Tuesday's earnings call. Less than a month after Myspace laid off 500 staffers, Carey s ...

  10. Liberty Media Raises Stake In Live Nation

    November 17, 2010 12:00 AM EST Liberty Media increased its stake in Live Nation to just over 18%, according to details in a Wednesday SEC filing. The company's chairman of the board and director, John Malone, took over as interim chairman of the board of Live Nation in mid ...

  11. Sony Corp Slides To 4-Month Low

    November 20, 2009 12:00 AM EST Shares of Sony Corp fell to their lowest in nearly four months on Friday (Nov. 20) after the electronics maker's new business strategy failed to convince investors it could deliver strong profit growth. Sony, which is heading for its second s ...

  12. Sony Corp Reports Loss

    May 14, 2009 12:00 AM EDT Sony Corp reported a second straight quarterly loss hurt by a firmer yen, sluggish sales and restructuring costs, and it projected another year of red ink during which it will close eight factories worldwide. Consumer electronics makers around the ...

  13. News Corp Posts Steep Loss On Writedown

    February 06, 2009 12:00 AM EST Rupert Murdoch's News Corp posted its biggest ever quarterly net loss, after taking an $8.4 billion writedown for the value of its Dow Jones acquisition, broadcasting licenses and other assets. Excluding the charge, the results missed Wall St ...

  14. Sony Swings To Q3 Operating Loss As Demand Wilts

    January 29, 2009 12:00 AM EST Sony Corp swung to a quarterly operating loss and reiterated a forecast for its first annual loss in 14 years, battered by a firmer yen and weaker demand while highlighting deepening woes at the electronics conglomerate. The loss announcement was ...

  15. Bertelsmann Execs Undecided On Sony BMG Fate

    March 18, 2008 12:00 AM EDT "There are no specific plans to sell our share in Sony BMG." That was the response given by Bertelsmann CFO Thomas Rabe who, together with his colleague Hartmuth Ostrowski, the German media giant's CEO, spoke with Billboard.biz toda ...

  16. News Corp, Majors Prepping Download Site: Reports

    February 18, 2008 12:00 AM EST News Corp. is working on a joint venture music site between the four major labels and MySpace, according to PaidContent.org. The site would be similar to Hulu.com, the video venture backed by News Corp. and NBC Universal, which is now in beta. The ...

  17. La Oreja Lead Spain's Los 40 Awards

    October 12, 2006 12:00 AM EDT Spain's most popular national Top 40 radio network, Los 40 Principales, is celebrating its 40th anniversary this year with its first Los Premios Principales gala on Dec. 16. It will be Spain's only aw Spain's most popular national T ...

  18. Bertelsmann 1H Profit Rises

    September 06, 2006 12:00 AM EDT Company plans to rein in investment. German media company Bertelsmann AG reported an 8.5 percent in first-half net profit Wednesday (Sept. 6) and said it would rein in investment following a period of acquisitions. The results came as Bertelsmann ...

  19. Analyst: Media Stocks To Rebound

    December 30, 2005 12:00 AM EST 'The radio industry is poised for an upswing.' Media stocks should pick up the pace in 2006, many Wall Street analysts said. Considering their performance in 2005, though, it is an easy comparison. Of the major entertainment conglomerate ...

  20. Bertelsmann Reports 3Q Gains

    November 09, 2005 12:00 AM EST German group anticipates big Q4 record sked. Bertelsmann AG today (Nov. 9) reported gains in third-quarter operating profit on the back of solid contributions across its portfolio of interests. According to a Bertelsmann statement, all of the grou ...

  21. Bertelsmann Reports 3Q Gains

    November 09, 2005 12:00 AM EST Bertelsmann AG today (Nov. 9) reported gains in third-quarter operating profit on the back of solid contributions across its portfolio of interests. Bertelsmann AG today (Nov. 9) reported gains in third-quarter operating profit on the back of soli ...

  22. News Corp.'s Takeover Of IGN Official

    October 11, 2005 12:00 AM EDT News Corp. said Oct. 4 that its Fox Interactive Media unit has completed the takeover of online entertainment and videogaming destination IGN Entertainment for about $650 million. (The Hollywood Reporter) -- News Corp. said Oct. 4 that its Fox Int ...

  23. Liberty Media Completes Spin-off Of Discovery

    July 26, 2005 12:00 AM EDT Liberty Media Corp., the conglomerate headed by cable pioneer John Malone, said July 21 it had completed the spin-off of Discovery Holdings, which includes Liberty's 50% stake in Discovery Communicati NEW YORK (Reuters) -- Liberty Media Corp. ...

  24. Bertelsmann Books $38.5M Restructuring Cost

    May 04, 2005 12:00 AM EDT A restructuring cost of €30 million ($38.5 million) related with the merger of BMG with Sony Music was a blemish in Bertelsmann's otherwise good business performance for the first quarter of 20 A restructuring cost of €30 million ( ...

  25. Sony BMG Books $38.5M Restructuring Cost

    May 04, 2005 12:00 AM EDT A restructuring cost of €30 million ($38.5 million) related with the merger of BMG with Sony Music was a blemish in Bertelsmann's otherwise good business performance for the first quarter of 20 A restructuring cost of €30 million ( ...

  26. French Watchdog Lodges Complaints Against VU

    January 25, 2005 12:00 AM EST France's market regulator, AMF, has begun disciplinary proceedings against Vivendi Universal stemming from an inquiry into a November 2002 bond issue and has made complaints about its two top executiv (Reuters) -- France's market regulat ...

  27. French Watchdog Lodges Complaints Against VU

    January 19, 2005 12:00 AM EST France's market regulator has begun disciplinary proceedings against Vivendi Universal stemming from an inquiry into a November 2002 bond issue and has made complaints about its two top executives. France's market regulator has begun dis ...

  28. French Watchdog Lodges Complaints Against VU

    January 19, 2005 12:00 AM EST France's market regulator has begun disciplinary proceedings against Vivendi Universal stemming from an inquiry into a November 2002 bond issue and has made complaints about its two top executives. France's market regulator has begun dis ...

  29. News Corp. Offers To Buy Remaining Fox Stock

    January 11, 2005 12:00 AM EST Rupert Murdoch's News Corp., moving to regain full control of its majority-owned Fox television properties, is offering to buy the remaining publicly held shares of Fox Entertainment Group Inc. for ab NEW YORK (AP) -- Rupert Murdoch's Ne ...

  30. News Corp. Sued Over Latin American TV Consolidation

    October 26, 2004 12:00 AM EDT An affiliate of a Venezuelan media conglomerate is suing to block a deal by News Corp. and DirecTV Group to restructure their satellite television properties in Latin America. NEW YORK (Reuters) -- An affiliate of a Venezuelan media conglomerate i ...

  31. Viacom To Dump Blockbuster Stock

    February 10, 2004 12:00 AM EST Viacom says it will divest its stake in Blockbuster Video by midyear. The company currently owns 81% of the Dallas-based rental chain. Viacom plans to offer shareholders an option to swap Viacom stock Viacom says it will divest its stake in Blockb ...

  32. Viacom To Dump Blockbuster Stock

    February 10, 2004 12:00 AM EST Viacom says it will divest its stake in Blockbuster Video by midyear. The company currently owns 81% of the Dallas-based rental chain. Viacom plans to offer shareholders an option to swap Viacom stock Viacom says it will divest its stake in Blockb ...