August 13, 2009 |
A group led by InterMedia Partners has purchased the assets of Vibe, the popular hip-hop and urban culture magazine that shut down in June amid a sharp decline in advertising revenue. Terms of the deal were not disclosed. InterMedia, a private equity fund focused on the media industry, said it has partnered with Uptown Media Group, an InterMedia portfolio company that publishes Uptown Magazine, and Blackrock Digital, an interactive media sales and marketing firm, to buy the assets of Vibe and Vibe.
January 10, 1989
In his discussion of U.S. universities, Pfaff has made the error of confusing the movement for a more universalist foundation for a canon of knowledge with his unease at the relativist approach of "postmodern" literary theory. While the two may be related, they are not the same. My particular concern is with his assumption that Western civilization is somehow morally superior to other cultures.
February 3, 2009 |
In the 16 years since his release from prison, disgraced junk-bond king Michael Milken has beaten prostate cancer, raised hundreds of millions of dollars for medical research and reshaped an image tarnished by a 1990 conviction for securities fraud. One thing he's been unable to do is win a presidential pardon, despite the support of some of the country's most influential people. Before he left office Jan.
January 21, 1995 |
Viacom to Sell Cable TV Systems: The company said it will sell its cable television systems, serving 1.1 million customers, to a partnership in which cable giant Tele-Communications Inc. has a stake, for $2.3 billion. The negotiations have been previously reported. NRCS Pacific LP is to buy Viacom's cable systems in the Seattle-Tacoma area; Northern California; Salem, Ore., and Dayton, Ohio. RCS Nashville LP is to buy Viacom's system in Nashville, Tenn.
July 14, 1989 |
Jack Kent Cooke, owner of the Daily News in Los Angeles and the Washington Redskins, announced an agreement to sell his cable holdings, which reach 675,000 subscribers, to a consortium of six buyers. Cooke's company, Jack Kent Cooke Inc., based in Middleburg, Va., did not disclose the value of the sale, announced in Los Angeles by Cooke CableVision on Thursday. The buyers of the Woodland Hills-based cable company are Tele-Communications Inc.
January 28, 1999 |
Charter Communications Corp., a cable-TV operator owned by billionaire Paul Allen, and Tele-Communications Inc. will acquire cable systems from InterMedia Partners in a transaction valued at $2.4 billion, the companies said. Charter will gain 400,000 of InterMedia's 1.2 million subscribers and give TCI, the No. 2 cable-TV operator and co-owner of InterMedia, cable systems in Montana and Indiana with 140,000 customers. TCI will also receive 300,000 subscribers in Nashville from InterMedia.