Archive for February, 2009
Univision cuts 300 staffers
Spanish-language media firm Univision Communications has laid off 300 employees, or about 6% of its work force.
‘American Idol’ drops
Fox’s “American Idol” has held up strong this season, but Thursday night’s results show was rough sledding.
Nat’l Amusements inks debt restructuring deal
Sumner Redstone’s holding firm, National Amusements, has reached a deal in principle with its lenders to restructure $1.6 billion in debt and is expected to start a sales process for movie theaters with several hundred screens soon.
Howard Stringer adds Sony president title
Sony, facing a record loss this year, said CEO Howard Stringer would add the post of president and take direct control of the ailing electronics division at the center of its problems.
Nick Counter leaving AMPTP
The Alliance of Motion Picture and Television Producers president and chief negotiator Nick Counter plans to retire March 31.
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