Advertisement
YOU ARE HERE: LAT HomeCollectionsMedia Industry
IN THE NEWS

Media Industry

WORLD
March 16, 2013 | By Mark Magnier, Los Angeles Times
YANGON, Myanmar - When Mizzima moved its headquarters to Yangon last year from India, media watchers saw it as a sign that political reform in Myanmar was real. For more than a decade, the media group has published hard-hitting coverage of military corruption and Myanmar's dismal human rights record, and many saw its arrival as a bellwether of the regime's tolerance. Recent days, however, have brought growing industry concern about backsliding after the government sent a draft press law to the parliament March 4: It bears an unsettling resemblance to the draconian 1962 media law still in effect, which has long been used to jail, torture and harass journalists.
Advertisement
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
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
March 27, 2013 | By Joe Flint
One of the longest-serving chief executives in the media industry is stepping down. Frank A. Bennack Jr., chief executive of Hearst Corp. since 1979, will give up that title in June. Steven Swartz, currently president and chief operating officer, will become CEO. Bennack will remain vice chairman of the Hearst Board. Although best known for its magazine unit, which includes Cosmopolitan and Esquire, Hearst also has a major presence in the TV industry. It owns stakes in several powerful cable networks including ESPN, A&E, History and Lifetime.
ENTERTAINMENT
October 15, 2012 | By Joe Flint
Lions Gate Chief Executive Jon Feltheimer is urging people in the media industry to play nice with each other. In a speech Monday to cable industry executives in Orlando, Fla., Feltheimeier warned that while "the marriage of content, technology and choice offers an unprecedented experience of our consumers," all that will be wasted if big media companies can't get along. "We can screw it up when all the constituents in our business are so focused on their narrow agendas that they can't work together to look at the big picture," Feltheimer said at the Cable & Telecommunications Assn.
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.
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.
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.
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.
Los Angeles Times Articles
|