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BUSINESS
January 1, 2006 | Sallie Hofmeister, Times Staff Writer
Just five years ago, Microsoft Corp. was considered the Big Bad Wolf of the media business. Armed with a stockpile of cash and the Windows operating system that dominates office computing, Bill Gates' company was expected to huff and puff its way into America's living rooms as well, with video game consoles, home networking systems and TV set-top boxes. But today, there's a different wolf at the door. Although Microsoft is still flush with $40 billion in cash, it is Google Inc.
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ENTERTAINMENT
May 1, 2013 | By Joe Flint
President Obama officially nominated lobbyist-turned-venture capitalist Tom Wheeler on Wednesday as the new chairman of the Federal Communications Commission. Wheeler is well known to the media industry. He has headed both the National Cable & Telecommunications Assn. and the Cellular Telecommunications & Internet Assn. Most recently he was a managing director at Core Capital, a private equity firm. "For more than 30 years Tom has been at the forefront of some of the very dramatic changes that we've seen in the way we communicate and how we live our lives," Obama said in announcing Wheeler's appointment.
ENTERTAINMENT
January 11, 2013 | By Joe Flint
Sen. Jay Rockefeller's announcement that he won't seek reelection in 2014 may not upset too many folks in the entertainment business. The Democrat from West Virginia and chairman of the powerful Senate Commerce, Science and Transportation Committee has never been shy about bashing the media industry. Last fall at a confirmation hearing for two nominees for the Federal Communications Commission, Rockefeller said that television news has been "dumbed down" and that entertainment programming was too too "obscene" and "promiscuous.
BUSINESS
November 19, 2003 | Edmund Sanders, Times Staff Writer
As Congress winds down for the year, time is running short for efforts to roll back media ownership rules that were relaxed this summer by the Federal Communications Commission. Opponents of increased media consolidation, including some influential Republican lawmakers, are vowing to repeal one of the most controversial new FCC rules as part of a massive appropriations bill expected to be passed later this week.
ENTERTAINMENT
July 12, 2013 | By Meredith Blake and Scott Collins
In terms of the swath it cut through social media, "Sharknado" was an epic F5, even if the ratings barely kicked up a cloud of dust. Syfy's latest schlocky made-for-TV guilty pleasure struck Twitter on Thursday like, well, a swirling cyclone of bloodthirsty fish. In fact, the network said that at its peak the corny B-movie about a shark-laden tornado that devastates Los Angeles was hurling nearly 5,000 tweets a minute. Bosses announced plans for an encore next week and mulled a possible sequel.
ENTERTAINMENT
November 4, 2013 | By Joe Flint
New Federal Communications Commission Chairman Tom Wheeler has tapped one of the media industry's fiercest watchdogs for a senior role on his team. Gigi Sohn, who has headed the nonprofit advocacy group Public Knowledge for 12 years, is joining Wheeler's staff as special counsel for external affairs. The appointment of Sohn is sure to raise eyebrows in some circles. She has been a critic of media consolidation, and her views on copyright protection are often at odds with those of the entertainment industry.
ENTERTAINMENT
October 16, 2012 | By Joe Flint
The main problem with owning a network that specializes in 3D is that there isn't a ton of 3D programming around to fill the schedule. With that in mind, 3Net -- the 3D cable channel owned by Sony, Discovery and IMAX -- have created an in-house production company to make original 3D content. “With the industry now struggling to keep pace with the rapidly accelerating consumer demand for 3D programming across multiple platforms...the formation of a world-class production studio to help fill both the 3D and ultra-high-definition content voids became a logical next step in our evolution as a global player in the entertainment arena,” said Tom Cosgrove, president of 3Net.
ENTERTAINMENT
July 31, 2013 | By Joe Flint
Steve Bornstein, the top media executive at the National Football League and president of its cable channel, will exit his position when his contract expires in May, the NFL confirmed. A former president of ESPN and ABC, Bornstein played a key role in getting the NFL Network off the ground and in negotiating the lucrative television rights deals that the league has with CBS, Fox, ESPN, NBC and DirecTV. Bornstein was also an innovator both at ESPN and the NFL. At ESPN, he helped build the network into a sports juggernaut.
BUSINESS
December 10, 2005 | Joseph Menn, Times Staff Writer
At least two potential buyers made preliminary bids Friday to acquire Knight Ridder Inc., the country's second-largest newspaper chain, according to three people familiar with the discussions. Among those submitting offers by the first-round deadline were investment firm Texas Pacific Group and an alliance of private equity investors Kohlberg Kravis Roberts & Co., Blackstone Group and Providence Equity Partners, the people said.
ENTERTAINMENT
November 12, 2013 | By Joe Flint
Sen. Jay D. Rockefeller IV (D-W.Va.), chairman of the powerful Commerce Committee, is introducing a bill aimed at giving a boost to new digital video services that are trying to compete against established pay-television distributors. The Consumer Choice in Online Video Act looks to do for online video services -- known in the media industry as over the top, or OTT -- what the 1992 Cable Act did for the satellite television industry by making sure it has access to programming. "Evidence is growing that some traditional media and broadband companies are attempting to discourage the growth of online video platforms through various anti-competitive practices," said an announcement detailing Rockefeller's bill.
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