October 17, 2012 |
KCET is writing the next chapter in its story: a merger with satellite network Link TV. Formerly the Los Angeles area's PBS flagship, KCET will merge with Link to form KCETLink, "a powerful new independent public transmedia company that acquires, produces and distributes provocative global programming targeted to a national audience across multiple media platforms," according to a news release. The new outlet will be available in 33 million U.S. homes through DirecTV and Dish Network, according to the companies.
September 1, 2011 |
Recent notable cases in which the U.S. government has tried to stop a corporate merger: 1997: The Federal Trade Commission blocks the merger of office-supply superstore chains Staples Inc. and Office Depot Inc. 1998: The Justice Department sues to block Lockheed Martin Corp.'s $11.6-billion acquisition of aviation rival Northrop Grumman Corp. Four months later, Lockheed drops its bid. 2000: The $120-billion merger of long-distance telephone companies WorldCom Inc. and Sprint Corp.
July 29, 2013 |
The planned merger of Omnicom Group Inc. in New York and Publicis Groupe in Paris into the world's biggest advertising firm gives the combined company lots of clout. The deal was designed to give the new company more leverage when negotiating advertising rates and placements with television networks and with Internet Goliaths such as Google Inc. and Yahoo Inc. The merger could also help smaller advertising rivals who might scoop up clients. ...
July 12, 2013 |
A merger between US Airways and American Airlines, creating the nation's largest air carrier, has taken another step forward with the approval of a majority of US Airways shareholders. About 99% of US Airways Group shareholders who voted Friday supported the merger with American's parent company, AMR Corp. The vote was not surprising as it was US Airways that first proposed the merger after AMR Corp. filed for bankruptcy in 2011. "This approval is a major milestone on our path to completing the merger, and we continue to make excellent progress overall thanks to the focused efforts of the dedicated representatives from both companies," said Doug Parker, chairman and chief executive of US Airways and incoming chief executive of the combined company.
January 24, 2013 |
Hanmi Financial Corp. of Los Angeles said its profit more than doubled to $14 million in the fourth quarter as regulators lifted 3-year-old orders requiring the parent of Hanmi Bank to raise more capital. The end of enforcement actions by state bank regulators and the Federal Reserve enables Hanmi, once the largest of the many Koreatown-based banks, to focus on arranging a financial marriage for itself, Chief Executive Jay S. Yoo said in announcing the earnings Thursday morning.
June 20, 2013 |
The proposed merger of American Airlines and US Airways would cut competition on more routes than previously thought, impacting more than 53 million fliers, according to a new federal study. Proponents of the merger have said in the past that the two airlines overlap on only 12 non-stop routes. But in the first detailed study of the merger's impacts, the U.S. Government Accountability Office said competition would be cut on 1,665 other routes with at least one stop. By comparison, the GAO study said the merger of United with Continental in 2010 eliminated a key competitor in 1,135 routes.
November 16, 2012 |
About 10 years ago, Dish Network and DirecTV tried to merge but regulators decided that a combination of the nation's two satellite broadcasters would be anti-competitive. At that time, one of the reasons given for blocking the marriage was that it would limit competition among pay-TV distributors. Now, a decade later, there are more options for consumers in the form of phone companies such as Verizon and AT&T. Also, online platforms such as Netflix and Hulu have emerged as viable distribution systems.
June 19, 2011 |
The angst-ridden process of merging the two federal agencies that govern research and education on substance-abuse problems will drag on for another two years. Officials at the National Institute on Drug Abuse said Sunday that the opening of a new agency that will take the place of both the NIDA and the National Institute on Alcohol Abuse and Alcoholism, will likely occur in October 2013 instead of 2012. The merger was discussed Sunday at a meeting of the College on Problems of Drug Dependence.
February 11, 2013 |
Merger talks between the parent company of American Airlines and US Airways continued Monday, with sources suggesting an announcement could be made later this week. The union of Fort Worth-based American and Phoenix-based US Airways would create the nation's largest airline, with a mainline fleet of nearly 1,000 planes. The boards of the two airlines are expected to meet in the next few days to vote on the proposed merger, sources have told Reuters News . According to the sources, US Airways Chief Executive Doug Parker would become CEO, while AMR Corp.' chief Tom Horton would serve as non-executive chairman of the board until next year.
November 5, 2013 |
If American Airlines and US Airways divest themselves from "key" airports, the U.S. Department of Justice may be willing to drop its challenge to a merger plan for the airlines. That is the word from U.S. Atty. Gen. Eric H. Holder Jr., who said the Justice Department was discussing a potential settlement of a suit the agency filed in August to halt the merger that would create the nation's largest airline. "What we have tried to focus on is to make sure that any resolution in this case necessarily includes divestitures of facilities at key constrained airports throughout the United States," Holder said during a press conference on an unrelated matter.