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.
Religious hardliners have declared a jihad against the television talent shows that have taken Afghanistan by storm, condemning the way they feature unveiled women singing and dancing.
The programmes – modelled on Western favourites such as The Voice and X Factor – are hugely popular in a country with a young population and where television ownership has risen sharply since the Taliban were ousted from Kabul in 2001. At the same time there is a growing backlash against what many see as foreign values.
LOS ANGELES (Reuters) - Former News Corp President Peter Chernin, whose two-year-old company produces "The New Girl" TV show and owns a stake in online music service Pandora, received a "significant" investment from the Qatar Holding Company to invest in media and technology companies. The investment by Qatar Holding, an arm of the oil-rich state, follows an investment in April by a group led by Providence Equity Partners. The two infusions give privately held The Chernin Group nearly $300 million to expand the media holding company, according to one person with knowledge of the company. ...