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Vivendi close to leaving NBCU

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2009-11-20

VIVENDI could leave United States media group NBC Universal as it has no intention of being part of the future joint venture being discussed by Comcast and General Electric, its chief financial officer said yesterday. ...

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Time Warner releases date for AOL's spin-off

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2009-11-18

TIME Warner will spin off its Internet business, AOL Inc, as a separate company on December 9. On that date, Time Warner shareholders of record as of November 27 will receive one share of AOL common stock for every...

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Move for NBC marks broadcast TV fall

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2009-11-16

EIGHT decades after pioneering the concept of broadcasting, NBC is on the verge of a startling move that illustrates broadcast television's decline. Cable TV operator Comcast Corp is expected to buy a controlling...

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Struggling studio MGM says it's looking for buyer

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2009-11-14

STRUGGLING movie studio Metro-Goldwyn-Mayer Inc. is looking for a buyer. The home of the James Bond and Pink Panther franchises said yesterday it has begun to explore strategic options including "a potential sale...

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Disney CEO hints at successor amid upbeat 4Q

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2009-11-13

THE Walt Disney Co. posted a surprise 18 percent increase in fourth-quarter earnings yesterday and announced an executive job switch that might point to an eventual successor to Chief Executive Robert Iger. Iger,...

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2 unis ask for Kindle to be better for blind

Business | Advertisement/media
2009-11-13

AMAZON'S Kindle can read books aloud, but if you're blind it can be difficult to turn that function on without help. Now two universities say they will shun the device until Amazon changes the setup. The United...

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Murdoch coy about online fee for news

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2009-11-6

MEDIA conglomerate News Corp posted a surprise increase in quarterly profit on Wednesday, but Chief Executive Rupert Murdoch said the company might not meet its goal of charging fees for online versions of its newspapers...

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Chinese film studio eyes IPO on NYSE

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2009-11-4

A THIRD leading Chinese movie studio is aiming for a listing - this time on the New York Stock Exchange - as the country's entertainment companies turn to the capital markets to raise funds. Beijing Polybona Film...

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New team aims to revive Golden Harvest

Business | Advertisement/media
2009-10-22

THE new management of a famed Hong Kong film studio that worked with Bruce Lee, Jackie Chan and John Woo promised yesterday to revive the company into a Chinese powerhouse in movie production and multiplexes. Hong...

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SMG seeks to be nimble with split

Business | Advertisement/media
2009-10-22

SHANGHAI Media Group, the city's largest media conglomerate, yesterday announced that its operations will be split into two parts as it seeks to be nimble to react quickly to the market. On one side will be the...

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EU makes progress to boost sales of music

Business | Advertisement/media
2009-10-22

THE European Union's top antitrust official Neelie Kroes yesterday described a deal among Apple Inc's iTunes, music companies, distributors and online licensing groups as a "great breakthrough" that would roll out...

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New York Times calls off sale of Boston Globe

Business | Advertisement/media
2009-10-15

THE Boston Globe is off the market. The New York Times Co. said yesterday it won't sell the newspaper after all, following "careful consideration and analysis." In a regulatory filing, the company said it...

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Bloomberg bid wins business magazine

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2009-10-15

BLOOMBERG is to buy BusinessWeek magazine from McGraw-Hill Companies as the news and data provider seeks to reach a wider audience than its traditional clients in financial services. The announcement comes after...

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Bloomberg plans to take over BusinessWeek magazine

Business | Advertisement/media
2009-10-14

BLOOMBERG LP is buying BusinessWeek magazine in a deal that brings together a financial news service specializing in rapid-fire updates with a print publication struggling to adapt to the Internet's information whirlwind....

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Caijing's future in doubt on mass exodus

Business | Advertisement/media
2009-10-14

THE general manager of China's most influential financial magazine and dozens of her staff have resigned, in a possible tussle over editorial control at the Beijing-based publication. Caijing Magazine spokeswoman...