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MGM Seeks "Prepackaged" Bankruptcy
Friday, January 22, 2010 - 10:00am | 163Read More...Although Metro-Goldwyn-Mayer has received takeover bids from several investors, the company may have to arrange a "prepackaged" bankruptcy in order to appease its creditors. MGM is currently owned by a group of investors including Sony (NYSE: SNE), Comcast and Providence Equity Partners. The film...
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Rupert Murdoch delays plans to charge for online news
Thursday, November 5, 2009 - 9:16am | 51Read More...Mr Rupert Murdoch, chairman of News Corporation, indicated that he may not be able to meet his deadline to start charging readers of its newspaper websites by the end of next June. Although the media magnate failed to give a reason for the delay, he indicated that work is in progress.
