Providence Equity Partners

  1. Hulu Takes Itself Off the Auction Block

    October 13, 2011 10:33 PM EDT Hulu's months-long effort to find a buyer has been unsuccessful. Owners of the popular company that lets users watch TV shows and movies on-demand via the Internet said late Thursday they have "terminated the sale process." News Cor ...

  2. Yahoo Withdraws Hulu Bid (Report)

    October 11, 2011 7:15 AM EDT NEW YORK - Yahoo, which made an initial approach that kicked off a sales process for online joint venture Hulu, has withdrawn from the bidding process, the Wall Street Journal reported Monday. The auction continues with satellite TV firm Dish Netw ...

  3. Apple Considering Offer to Buy Hulu (Report)

    July 22, 2011 8:41 AM EDT Apple is considering making an offer for the online video service Hulu, Bloomberg reported Thursday, citing sources. The company is said to be in early talks to buy the site, which is owned by Walt Disney, News Corp., Comcast's NBCUniversal a ...

  4. Hulu Considering Putting Itself Up For Sale

    June 22, 2011 7:15 AM EDT LOS ANGELES - Online video service Hulu is exploring putting itself up for sale after receiving an unsolicited takeover offer, people familiar with the matter said Tuesday. The offer was large enough to make Hulu's board review the deal and c ...

  5. Hulu on Pace to Top 1 Million Subscribers

    April 05, 2011 11:46 AM EDT Internet video company Hulu is on track to nearly double its revenue to $500 million and bring its subscriber count to more than 1 million this year, its top executive wrote in a blog post on Monday. Hulu Chief Executive Officer Jason Kilar also s ...

  6. EMI And Warner Music: Destined To Be Together?

    January 28, 2011 10:05 AM EST No matter what happens to EMI or Warner Music Group (WMG), it always seems that speculation about their respective fates is intertwined with that of the other. That was true during the protracted will-they-or-won't-they merger speculation tha ...

  7. Warner Music and EMI For Sale? It Could Happen, Insiders Say

    January 21, 2011 12:00 AM EST All hell has broken loose in the music business: The Warner Music Group will be shopped while it prepares to buy EMI, should that company come up for sale, according to reports. Sources told The New York Times that the private equity firms that ow ...

  8. Warner Music and EMI For Sale? It Could Happen, Insiders Say

    January 21, 2011 12:00 AM EST All hell has broken loose in the music business: The Warner Music Group will be shopped while it prepares to buy EMI, should that company come up for sale, according to reports. Sources told The New York Times that the private equity firms that ow ...

  9. Business Matters: Will Apple and Google Bid on EMI?

    December 22, 2010 12:00 AM EST Will Apple and Google Bid on EMI? -- Now that Citigroup's takeover of EMI seems to be a near certainty, it's time for the pundits to ponder possible acquirers. If history offers any lesson it is that Apple and Google will be frequently c ...

  10. Hulu Revenue to Top $240 Million in 2010

    November 11, 2010 12:00 AM EST On Thursday Hulu CEO Jason Kilar revealed the online video service will reach revenues of $240 million in 2010. That’s a huge increase from 2009 revenue of $108 million, which he also disclosed at GigaOm’s NewTeeVee conference, and shows an ad-sup ...

  11. Mexico's Televisa To Take 5% Stake In Univision

    October 05, 2010 12:00 AM EDT Mexican broadcaster Grupo Televisa has agreed to take a 5% stake in U.S. Spanish-language media company Univision Communications, which it can grow in the future, and to extend and expand the companies' long-term program license agreement. Th ...

  12. Analysis: A Look At Hulu's Profit

    April 01, 2010 12:00 AM EDT Supporters of ad-supported online media may finally have a financial success story. Hulu says it reached profitability in Q4 2009 and Q1 2010 (although it seems premature to make earnings claims before the quarter has actually ended). In 2009, rev ...

  13. Music Label Video Site Vevo In Talks With CBS, NBC

    September 01, 2009 12:00 AM EDT Vevo, an online music video start-up backed by two major music labels and supported by YouTube's technology platform, is in talks with CBS Corp and NBC to license and develop shows for the Web, according to two people familiar with the talks. ...

  14. Disney Joins Hulu Video Site

    May 01, 2009 12:00 AM EDT Walt Disney Co will buy a 30% stake in Hulu.com, bringing popular TV shows such as "Lost" and "Grey's Anatomy" to the video Web site founded by NBC Universal and News Corp. Disney's entrance, which comes after months ...

  15. Who Will the Financial Crisis Hit Next?

    December 31, 2008 12:00 AM EST Tribune Co. recently filed for Chapter 11 bankruptcy protection and National Amusements violated a debt covenant. The moves beg the question: Who, if anyone, could be next in the broader media and entertainment industry? The global financial crisi ...

  16. EMI Concerns Grow At Warner Music

    April 11, 2007 12:00 AM EDT Declining profits and growth at EMI Group are becoming "increasingly problematic," said a large shareholder of Warner Music Group, which is pursuing a bid to buy EMI. "We want to be very realistic about what we would be buying and w ...

  17. FCC Approves Univision Sale

    March 27, 2007 12:00 AM EDT As expected, the FCC has approved the acquisition of Univision Communications by investor group Broadcasting Media Partners (BMP). The sale was set at approximately $12.3 billion or $36.25 per share. Once the acquisition is finalized, which is exp ...

  18. Univision Names New CEO

    February 27, 2007 12:00 AM EST The private investor group that acquired Univision Communications Inc. has named Joe Uva, president and CEO of OMD Worldwide, to succeed the Spanish broadcaster's CEO when the acquisition closes, a person familiar with the matter said Tuesday ...

  19. Clear Channel Agrees To $18.7B Buyout

    November 16, 2006 12:00 AM EST Clear Channel Communications Inc., the nation's biggest radio station owner, said Thursday (Nov. 16) it has agreed to be taken private for about $18.7 billion by an investment group. Clear Channel Communications Inc., the nation's bigges ...

  20. Sources: Clear Channel Bids Due In Coming Days

    November 10, 2006 12:00 AM EST Company declines to comment. Bids are due in the coming days for Clear Channel Communications Inc., the largest U.S. radio company, sources familiar with the situation told Reuters on Nov. 9. Clear Channel, which has about 1,150 stations, said las ...

  21. Clear Channel Hires Goldman, Sachs

    October 26, 2006 12:00 AM EDT In a move that could bust up the nation's largest radio group, Clear Channel revealed late Wednesday (Oct. 25) it had retained Goldman, Sachs & Co. to "evaluate various strategic alternatives to e In a move that could bust up the ...

  22. Univision Shareholders OK $12.3B Sale

    September 27, 2006 12:00 AM EDT Approval of the sale was widely expected. Univision Communications Inc. shareholders on Wednesday (Sept. 27) approved selling the Spanish-language broadcaster to a private investor group for $12.3 billion, the company said. Univision dominates the ...

  23. Shareholder Sues Over Univision Sale

    July 03, 2006 12:00 AM EDT Filing alleges Univision board of selling at an unfair price. A shareholder has filed a proposed class action suit against Univision Communications, trying to stop the acquisition of the company by a group of private equity investors. The suit, fi ...

  24. Univision Board Approves Sale

    June 27, 2006 12:00 AM EDT Univision Communications, the largest Spanish-language media company in the U.S. revealed Tuesday (June 27) it had agreed to sell the company to a group of private equity investors for $12.3 billion a Univision Communications, the largest Spanish- ...

  25. Sloan New MGM Chairman/CEO

    October 25, 2005 12:00 AM EDT Metro-Goldwyn-Mayer has tapped Harry E. Sloan for the post of chairman/CEO, the company said Oct. 24. (The Hollywood Reporter) -- Metro-Goldwyn-Mayer has tapped Harry E. Sloan for the post of chairman/CEO, the company said Oct. 24. Sloan, who has ...

  26. Ex-FCC Chairman Powell Joins Providence Equity

    August 16, 2005 12:00 AM EDT 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. (The Hollywood Reporter) -- Former Federal Comm ...

  27. Update: WMG Stock Ends First Day Down 3.5%

    May 11, 2005 12:00 AM EDT Shares in Warner Music Group ended the first day of trading today (May 11) on the New York Stock Exchange down 3.5% at $16.40, following a $554.2 million initial public offering at $17 a share. Shares in Warner Music Group ended the first day of t ...

  28. Warner Music IPO Opens Below Asking Price

    May 11, 2005 12:00 AM EDT Shares in Warner Music Group stumbled out of the gates this morning following the company’s initial public offering of 32.6 million shares at $17 a share. After opening at $16.60 the stock, which is Shares in Warner Music Group stumbled out of the ...

  29. Warner Music Trims Price Of IPO

    May 10, 2005 12:00 AM EDT Trading expected to begin Wednesday. Just hours ahead of the expected pricing of its initial public offering, Warner Music Group is reportedly trimming the price of the deal. Additionally, its investors are said to be scrapping plans to sell some ...

  30. WMG Sets IPO Price Range

    April 19, 2005 12:00 AM EDT Warner Music Group has set a price range of $22-$24 for its upcoming initial public offering. NEW YORK -- Warner Music Group has set a price range of $22-$24 for its upcoming initial public offering. The company says in a filing with the Securitie ...

  31. WMG Sets IPO Price Range

    April 18, 2005 12:00 AM EDT Shares to be set at $22-$24. Warner Music Group has set a price range of $22-$24 for its upcoming initial public offering. The company says in a filing with the SEC that it intends to offer 27.17 million shares to the public. In addition, WMG' ...

  32. Deal Done: The Lion Sleeps

    April 12, 2005 12:00 AM EDT The legendary Metro-Goldwyn-Mayer, which once was the reigning studio in Hollywood, has officially been sold to a consortium headed by Sony Corp. of America. (The Hollywood Reporter) -- The legendary Metro-Goldwyn-Mayer, which once was the reignin ...

  33. Sony Gets EC OK For MGM Buy

    April 05, 2005 12:00 AM EDT European antitrust regulators on March 30 blessed the proposed acquisition of Metro-Goldwyn-Mayer by Sony Corp. of America and its partners, all but assuring that the $4.8 billion sale of the famed st (The Hollywood Reporter) -- European antitrust ...

  34. Crown Media To Sell Hallmark Int'l TV Unit

    March 01, 2005 12:00 AM EST Crown Media Holdings Inc. confirmed Feb. 23 that it would sell the international TV operations of the Hallmark Channel to an investor group led by British TV executive David Elstein for about $242 mil NEW YORK (Reuters) -- Crown Media Holdings Inc ...

  35. Sony Needs More Time For MGM Deal

    May 28, 2004 12:00 AM EDT Their 15-day exclusive negotiating period officially passed yesterday (May 27), but Sony isn't necessarily out of the MGM lion's den yet. Sources said Sony has asked for an extension of their arrangem Their 15-day exclusive negotiating p ...

  36. Warner Music Looks To Slash Artist Roster

    May 13, 2004 12:00 AM EDT The newly private Warner Music Group, having significantly <A HREF="http://www.billboard.com/bb/biz/newsroom/business_finance/article_display.jsp?vnu_content_id=1000450149">reduced its worldwide staff The newly private Warner Music ...

  37. Sony Corp. In Talks To Buy MGM

    April 21, 2004 12:00 AM EDT Sony Corp. is in advanced talks with MGM to buy the studio. Sony's partners in the deal, valued at close to $5 billion, are buyout firms Texas Pacific Group and Providence Equity Partners. Sony Corp. is in advanced talks with MGM to buy the s ...

  38. Layoffs Loom As WMG Buyout Finalized

    March 01, 2004 12:00 AM EST With the ink less than 24 hours dry and the $2.6 billion wire transfer having finalized the deal this morning (March 1), the new owners of the Warner Music Group are gearing up to slash 1,000 jobs wor With the ink less than 24 hours dry and the $2 ...

  39. Bronfman's WMG Buy Expected To Close Sunday

    February 27, 2004 12:00 AM EST The sale of Warner Music Group (WMG) to an investment group led by former Seagram executive Edgar Bronfman Jr. is expected to close Sunday (Feb. 29), with funds for the $2.6 billion deal being wired t The sale of Warner Music Group (WMG) to an inv ...