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Time Warner To Begin Paying Dividend

Time Warner, parent of Warner Bros. and Cartoon Network, will begin paying a $0.05 quarterly dividend beginning in the third quarter of 2005, the company said today. [Source: Business Wire]

BKN Looks To Raise Money for New Toons

BKN International is exploring a deal that would finance two new animated series, Shanghai Tiger and Triple Threat from Outer Space, by selling 1.5 million shares in the company, World Screen reports. The proposed deal would raise eight million euros through the private placement of the new stock.

Revenues, Profits Soar at BKN

Kid programmer BKN International earned 1.02 million euros in its latest six month fiscal period, a 250% increase over the same period last year, World Screen reports. Revenues doubled to 5.54 million euros.

Robert Daly Named Viacom Advisor

Robert A. Daly has been named an advisor to Viacom Inc., the company announced today. In his newly created, non-executive position, Mr. Daly will consult on a number of strategic areas, based on his vast experience in leading entertainment industry organizations Warner Bros., Warner Music Group, the Los Angeles Dodgers, and CBS Entertainment. [Source: PR […]

Craig Relyea Named Vice President of Marketing at Buena Vista Games

Buena Vista Games, Inc. today announced that Craig Relyea has been named Vice President of Marketing. Relyea will report to Graham Hopper, Senior Vice President and General Manager of Buena Vista Games, and will be responsible for leading the integration of domestic and international brand positioning, advertising, retail marketing, promotions, public relations, creative services, and […]

Media Companies Report Higher Earnings

Major media conglomerates are reporting stronger financial performance in the first quarter of 2005. Time Warner, parent company of Warner Bros. Pictures and Cartoon Network, had operating income of $1.8 billion in the first quarter of 2005, up from $1.6 billion in the same quarter a year ago, the company said yesterday. Revenues rose 3% […]

HIT Shareholders Okay Apax Bid

HIT Entertainment shareholders have voted to accept Apax Partners’ £489 million bid for the company, World Screen reports. Lions Gate Entertainment has been given until May 13 to make a counteroffer for HIT.

Michael J. Dolan Named Executive VP & CFO of Viacom

Michael J. Dolan has been appointed Executive Vice President and Chief Financial Officer of Viacom Inc., the company announced yesterday. He will assume his duties as CFO on May 11, 2005, reporting to Viacom Chairman and CEO Sumner M. Redstone. Mr. Dolan succeeds Richard J. Bressler, who served as CFO since March 2001. [Source: Viacom]

Cookie Jar Names Locker VP of Digital Media

Kenneth Locker has been named to the newly created post of senior VP of digital media at Cookie Jar Entertainment, World Screen reports. He will report to Cookie Jar CEO Toper Taylor.

Bidder Walks Away from HIT

HIT Entertainment says that an unidentified company—widely reported to be Classic Media—is no longer pursuing takeover talks with HIT, the Associated Press reports. Lions Gate is continuing to pursue a due diligence review.

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