BUSINESS
April 14, 2006 | By Meg James, Times Staff Writer
Fox Broadcasting said Thursday that it would soon make its popular prime-time programs, such as "24" and "Prison Break," available on the Internet and video-on-demand services as part of a precedent-setting deal that shares revenue with its affiliate station groups. Unlike its media rivals -- NBC, ABC and CBS -- which have miffed their TV affiliates by negotiating short-term arrangements to offer downloads on various other outlets and their own websites, Fox took a different approach.
BUSINESS
April 28, 2009 | Times Wire Reports
The recently renovated AT&T Center in Los Angeles, formerly known as Transamerica Center, has received the first "gold" level certification from the U.S. Green Building Council for an existing downtown building. In addition, AT&T Center owners announced that restaurateur Patina Group will move its headquarters to the 32-story main tower at 1150 S. Olive St. and open a restaurant on the ground floor. Another new tenant will be Fox Entertainment Group, which has rented 25,000 square feet for its cable sports division, landlord LBA Realty said.
BUSINESS
September 20, 2005 | From Bloomberg News
News Corp., the media company controlled by Rupert Murdoch, won court approval for a $450-million deal to settle lawsuits alleging that investors were shortchanged in the buyout of its Fox Entertainment Group unit. News Corp. initially offered 1.9 of its shares for each Fox share. After investors sued and a Fox board committee agreed to examine the bid's fairness, News Corp. executives agreed to raise the offer to 2.04 shares for each Fox share. Delaware Chief Chancery Court Judge William B.
BUSINESS
January 11, 2004
U.S. Economy Creates Few Jobs in December The U.S. economy managed to add only 1,000 jobs in December as employers relied on productivity gains, rather than hiring, to meet increased demand, the Labor Department said. The unemployment rate did drop two-tenths of a point to a 14-month low 5.7%, from 5.9% in November. The decline was not the product of job gains, however, but because more than 300,000 people dropped out of the labor force, according to department statistics.
BUSINESS
November 12, 1998 | From Times Staff and Wire Reports
Three companies made smashing stock debuts on Wall Street on Wednesday, signaling a revival in investors' hunger for initial public offerings--a key source of capital for fast-growing businesses. In the day's biggest surprise, shares of EarthWeb Inc., a New York-based provider of online services to other information technology companies, rocketed from their initial offering price of $14 to close at $48.69 on Nasdaq, for a 248% one-day gain.
BUSINESS
October 6, 1998
News Corp. unit Fox Entertainment Group provided its first indication of the size of its initial public offering to investors in a public filing. The offering will include 85 million Class A common shares in the group that produced the film "Titanic" as well as TV shows such as "The Simpsons." It also owns the Los Angeles Dodgers. News Corp., which is controlled by Rupert Murdoch, said in June that it would sell as much as 20% of Fox Entertainment to the public.
BUSINESS
November 20, 1996 | By SALLIE HOFMEISTER
Fox Entertainment Group is restructuring its television development staff, moving one step closer to an approach used by NBC and ABC. Under the new structure, Bob Greenblatt will be more firmly implanted as second in command to new President Peter Roth, taking charge not only of TV shows under development but also those already on the air. Traditionally, networks maintained discrete teams, with development executives handing over projects to "current" series teams once a show was scheduled.
BUSINESS
September 6, 1996 | By BRIAN LOWRY and SALLIE HOFMEISTER, TIMES STAFF WRITERS
John A. Matoian, the president of Fox Entertainment Group, is expected to resign today, according to television sources, leaving the fourth-ranked network without a programming chief just as the new fall season opens. While Fox had a meteoric rise, it stalled last season after trying to broaden its viewership beyond a young audience. The network's executives, including Matoian, have been under increasing pressure from News Corp.
BUSINESS
September 7, 1996 | By SALLIE HOFMEISTER, TIMES STAFF WRITER
Calling on an executive from its television studio to propel its network, Fox Television on Friday afternoon named Peter Roth, the head of Twentieth Century Fox Television, president of the network's entertainment group. Roth replaces John A. Matoian, who resigned Friday after holding the job for less than two years. Neither Matoian nor Roth were available for comment. Matoian's resignation had been expected for months as Rupert Murdoch, the chairman of Fox parent News Corp.