A U.S. hedge fund has acquired about 19% of Postmedia Network Canada Corp.’s common shares, a stake that makes it the second largest shareholder of the Toronto-based publishing company.
Silver Point Capital LP, an investment firm based in Greenwich, CT, disclosed its ownership of 7.4 million Class B shares in an Oct. 10 filing.
Peter Chernin, president and chief operating officer of News Corp., will leave the company in June. The media conglomerate said in a statement Monday that its 20th Century Fox movie studio and Fox TV businesses will report directly to Chief Executive Rupert Murdoch upon Chernin's departure.
Netflix Inc. is poised to pass HBO in paid U.S. subscribers, showing Chief Executive Officer Reed Hastings is making progress toward a goal of transforming the streaming service to a Web-based television network.
The former News Corp. president could emerge as a powerful player at NBC Universal if Comcast succeeds with its bid. But he also could be helping to create a stronger rival to his longtime employer.
Peter Chernin, who stepped down as president of media conglomerate News Corp. this summer, is back in the spotlight.
Peter Chernin, News Corp.'s departing president, voices an animated version of himself in an episode of 'Family Guy' that was recorded last year and aired Sunday. Could this be a career option?
In this topsy-turvy financial climate, developing new work skills is almost essential.