March 17, 1998 |
Black Entertainment Television founder Robert L. Johnson on Monday sweetened his bid to take his Washington-based company private, offering $378 million, or $63 a share, for stock held by public investors. The offer by Johnson and longtime partner Liberty Media Corp., a unit of cable-TV giant Tele-Communications Inc., was accepted by the company's board but still requires approval by shareholders.
May 6, 1990 |
Black Entertainment Television is one of the brightest black media stories since the birth of Motown Records in 1959. The nation's first and only black-oriented television network is the brainchild of Robert L. Johnson, who, against the odds posted by industry analysts, has transformed a minor, late-night, Washington cable service into a $150-million, 24-hour national cable network.
July 14, 2006 |
Black Entertainment Television founder Robert L. Johnson has formed a film company with Bob and Harvey Weinstein's Weinstein Co. to produce African American family comedies. The joint venture, called Our Stories Films, will be based in Los Angeles and have offices in New York, Weinstein Co. and Johnson's RLJ Cos. said Thursday. JPMorgan Chase & Co. will back the venture with as much as $175 million in financing. Johnson, who also owns a majority stake in the National Basketball Assn.'
September 12, 1997 |
Robert L. Johnson, owner and founder of BET Holdings Inc., and his corporate partners want to take the Washington-based company private, officials said Thursday. Johnson and Liberty Media Corp., a subsidiary of cable giant TCI Inc., are offering to buy the 6 million shares of BET they don't already own for $48 each, a 17% premium over Wednesday's closing price.
March 4, 1999 |
With an eye to taking the nation's only black-owned cable network to a distinctive new level, Black Entertainment Television founder and Chairman Robert L. Johnson recently detailed the network's plans to launch a major original programming initiative. The first phase begins this month with production on 10 original movies marking the introduction of BET's Arabesque movies.
May 6, 2000 |
It's BET's party. And Robert L. Johnson, the founder and chairman of Black Entertainment Network, can ignore charges of exploitation, missed opportunities, lowbrow programming and stereotyping if he wants to. "Those things that some people say about BET aren't even a blemish," said Johnson as he prepared this week for the network's 20th anniversary celebration. "Anything that has been around for 20 years and has been successful will be criticized.