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BUSINESS
May 4, 1992 | JOHN LIPPMAN, TIMES STAFF WRITER
Sony Pictures Entertainment and United Video Group will announce plans today to launch a cable TV channel next year that will feature wall-to-wall game shows. The Game Show Channel will join a growing list of proposed networks jostling for scarce channel space on local cable TV systems. Among new cable TV networks on tap are a cartoon channel from cable mogul Ted Turner and the Sci-Fi Channel, a joint venture of Paramount Pictures and MCA.
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BUSINESS
July 17, 1998 | KAREN KAPLAN, TIMES STAFF WRITER
After insisting for 10 days that it is not for sale, Gemstar International Group's board of directors on Thursday formally rejected an unfriendly $2.8-billion takeover offer from onetime partner United Video Satellite Group. Henry Yuen, chief executive of Pasadena-based Gemstar, said the $45-per-share offer undervalues his interactive television services company, whose stock has traded in the $35 to $43 range for the last three months.
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BUSINESS
July 17, 1998 | KAREN KAPLAN, TIMES STAFF WRITER
After insisting for 10 days that it is not for sale, Gemstar International Group's board of directors on Thursday formally rejected an unfriendly $2.8-billion takeover offer from onetime partner United Video Satellite Group. Henry Yuen, chief executive of Pasadena-based Gemstar, said the $45-per-share offer undervalues his interactive television services company, whose stock has traded in the $35 to $43 range for the last three months.
BUSINESS
July 16, 1998 | WALTER HAMILTON, TIMES STAFF WRITER
When Gemstar International Group adopted a "poison pill" defense this week in its takeover battle against United Video Satellite Group, it seemed to rip a page from the merger playbook of the 1980s. Poison pills were a central--if fiercely controversial--element of the decade's many takeover dramas. But as Gemstar illustrates, poison pills have not only reemerged in the 1990s, they may be more popular than ever despite the generally amicable tone that most deals take these days.
BUSINESS
July 16, 1998 | WALTER HAMILTON, TIMES STAFF WRITER
When Gemstar International Group adopted a "poison pill" defense this week in its takeover battle against United Video Satellite Group, it seemed to rip a page from the merger playbook of the 1980s. Poison pills were a central--if fiercely controversial--element of the decade's many takeover dramas. But as Gemstar illustrates, poison pills have not only reemerged in the 1990s, they may be more popular than ever despite the generally amicable tone that most deals take these days.
BUSINESS
April 25, 1998 | Bloomberg News
Primestar Partners Inc. agreed to buy the large-dish satellite TV business of United Video Satellite Group for $480 million. Primestar hopes to switch its 1.2 million subscribers to Primestar's direct-broadcast TV service to better compete with industry leader DirecTV. Primestar will issue about $430 million in convertible preferred stock and assume $50 million in liabilities to buy Superstar/Netlink Group from United Video, Liberty Media Group Inc. and Turner Vision Inc.
BUSINESS
February 24, 1999 | Karen Kaplan
Gemstar International Group said a federal judge in Oklahoma ruled that its patent covering technology for electronic television program guides is enforceable. The patent is held by Gemstar subsidiary StarSight Telecast, which sued rival United Video Satellite Group of Tulsa for patent infringement. United Video, which is controlled by Tele-Communications Inc., argued that the suit should be dismissed because the StarSight patent was unenforceable. U.S.
BUSINESS
February 2, 1999
* Gemstar International Group Ltd., marketer of the VCR Plus videotape recording technology, named President and Chief Executive Henry Yuen chairman, succeeding Thomas Lau, who remains on the board. Yuen's appointment gives him increased power at the Pasadena-based company, which angered some shareholders when it turned down a $2.8-billion, or $45-a-share, purchase offer by United Video Satellite Group Inc. last year.
BUSINESS
July 23, 1998 | Bloomberg News
United Video Satellite Group Inc. dropped its $2-billion cash bid for Gemstar International Group Ltd., and said it will develop its own interactive program guide for digital cable television. Pasadena-based Gemstar last week rejected the $45-a-share offer as too low and said it wanted to remain an independent developer of TV programming services. Tulsa, Okla.-based United Video, which is controlled by affiliates of Tele-Communications Inc.
BUSINESS
March 28, 1998 | Bloomberg News
Pasadena-based Gemstar International Group shares fell $5.81, or 16%, to close at $30.44 on Nasdaq, after it said its joint venture agreement with United Video Satellite Group Inc. lapsed because United Video couldn't satisfy some conditions of the agreement. Gemstar, which provides interactive program guide services that enable users to view a TV guide on screen, is continuing to hold talks with United Video about its plan to offer interactive program guides for cable-TV systems.
BUSINESS
May 4, 1992 | JOHN LIPPMAN, TIMES STAFF WRITER
Sony Pictures Entertainment and United Video Group will announce plans today to launch a cable TV channel next year that will feature wall-to-wall game shows. The Game Show Channel will join a growing list of proposed networks jostling for scarce channel space on local cable TV systems. Among new cable TV networks on tap are a cartoon channel from cable mogul Ted Turner and the Sci-Fi Channel, a joint venture of Paramount Pictures and MCA.
BUSINESS
January 1, 1999 | From Bloomberg News
TV Guide Chief Executive David Steward, 41, resigned as News Corp. prepared to complete the sale of the television-listings magazine to United Video Satellite Group Inc. this month. News Corp. said Steward's departure was a mutual decision and the parting was amicable. TV Guide will have a new executive structure once the acquisition is complete, although no decisions have been made, said TV Guide spokeswoman Rachel Breinin. "[Steward] likes to build brands," Breinin said.
BUSINESS
June 12, 1998 | SALLIE HOFMEISTER, TIMES STAFF WRITER
In an attempt to make TV Guide a powerhouse in the coming age of interactive television, News Corp. is merging its weekly magazine with the dominant over-the-air listing service, the Prevue Channel, in a deal valued at $2 billion. Under the transaction, News Corp. will get $800 million in cash and $1.2 billion in stock of United Video Satellite Group Inc., the owner of Prevue that is controlled by John Malone's Tele-Communications Inc., the nation's largest cable company. News Corp.
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