Viacom Inc. has entered into a multi-year search marketing and Web search distribution agreement with Yahoo!, the company announced today. Under the undisclosed terms of the agreement, Yahoo! will provide multiple search marketing and Web search services to Viacom’s online properties including MTV.com and NickJr.com, among others. PR Newswire has details.
As part of Carl Icahn’s continuing efforts to lift Time Warner’s stock price, Icahn on Thursday met with Time Warner CEO Richard Parsons, World Screen reports. According to a Time Warner spokesman, Icahn and Parsons “had a frank and open exchange of views.” Parsons reportedly made clear to Icahn that “the board and management are […]
IDT Entertainment has named Neil S. Braun to the post of President of Feature Films and Television and Jerry Davis to the post of Chief Creative Officer, Animated Features, the company said today. Braun will oversee all business deals regarding feature film and television properties. Davis will head up the development of creative content and […]
Corporate raider Carl Icahn is trying to form a faction of shareholders that would press Time Warner into a corporate restructuring, The New York Times (access requires free registration) reports. Icahn controls a hedge fund that owns five million shares of Time Warner, which is the parent of Warner Bros. Pictures and Cartoon Network. Icahn […]
Time Warner, Viacom, and Pixar all reported second quarter financial results this week. Time Warner’s revenues decreased 1% over the same period in 2004 to $10.7 billion, with expected declines at the Filmed Entertainment and AOL segments offset almost entirely by growth at the Cable, Networks, and Publishing segments. The Company reported an Operating Loss […]
A $2.5 billion settlement of the Time Warner Securities Fraud litigation was announced on Wednesday by Lead Plaintiff’s Counsel, Heins Mills & Olson, P.L.C. of Minneapolis, and the defendants. In addition, $150 million recovered by the Department of Justice will be distributed to class members and, subject to consent from the SEC, $300 million recovered […]
Joseph Ianniello has been appointed Senior Vice President and Treasurer of Viacom, the company announced yesterday. In his new position, Ianniello will be responsible for corporate development, corporate finance, worldwide treasury, and risk management activities for the company. He will continue to report to Viacom’s Executive Vice President and Chief Financial Officer, Michael Dolan. [Source: […]
Corus Entertainment, parent of Nelvana Studios, Teletoon, and YTV, earned $19.4 million in the third quarter of 2005, up from a loss of $51.2 million in the same period a year ago, the company said yesterday. Revenue rose 5% to $171.9 million. For the nine-month perioed ended May 31, revenue rose slightly to $507.8 million. […]