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Paidcontent (Free subscription) | 05/07/2008
For its last full quarter without Gemstar, Macrovision ( NSDQ: MVSN ) Solutions (new name) had revenue of $32.2 million, a 12 percent decline from $36.6 million in the year-ago quarter. Net income slipped to $7.3 million ($.13 per share) from $7.6 million ($.14 per share). The company attributed the decline to ongoing weakness in its "legacy" analog solutions business, but it claimed strong...
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The Mayor of Television (Free subscription) | 05/05/2008
George Costanza's father's collection of TV Guides may be nearly complete: After last week's hatchet jobs on the magazine's editors, there's a sense the print edition is not long for this world. Macrovision bought Gemstar, TV Guide's owner, mainly for...
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Consumer Electronics Daily News (Free subscription) | 05/02/2008
Macrovision Corporation has completed its acquisition of Gemstar-TV Guide, a global leader in video and entertainment guidance technology and services. Combining Gemstar-TV and Macrovision technologies positions the company as a key enabler of the digital home entertainment experience, according to...
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Paidcontent (Free subscription) | 05/02/2008
TV Guide's fate still hangs in balance, as Macrovision's ( NSDQ: MVSN ) acquisition of Gemstar-TV Guide completed today...the new resulting company will be called Macrovision Solutions Corp. No added word about what will happen to the TV Guide side of the business (print and TV channels), but it is clear Macrovision wants to retain the TVGuide.com site and its sister online sites (as we first...
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Paidcontent (Free subscription) | 05/01/2008
TV Guide is laying off staff following shareholder approval of the $2.8 billion merger of Gemstar-TVGuide with Macrovision ( NSDQ: MVSN ), according to Folio. The deal is expected to close Friday. A TV Guide spokesperson confirmed the layoffs to Folio but sans number or title. Folio also reported today about a round of layoffs at F+W Publications , where 30 jobs were cut as the company shifts...
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Money Out Blog (Free subscription) | 04/29/2008
Macrovision Corp. said Tuesday that its $2.1 billion merger with Gemstar-TV Guide had been approved by shareholders from both companies. The deal was widely panned at the time it was...
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Paidcontent (Free subscription) | 04/29/2008
It's time to put theory into practice: Despite some initial skepticism (that never really went away) Macrovision ( NSDQ: MVSN ) shareholders have approved the company's poorly understood acquisition of Gemstar. A statement put out this evening didn't specify the vote tally, but despite some initial loud objections, opposition never really materialized. With the agreement, Macrovision also announced...
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JupiterResearch Analyst Weblogs (Free subscription) | 04/29/2008
PaidContent is wisely wondering about TVGuide.com's future if the proposed merger of TV Guide/Gemstar and Macrovision goes through, especially since Macrovision hinted it might unload the magazine. Meanwhile, among other things, TVGuide.com is attempting to establish itself as the guide to (professional) video content online. There'll be a lot of competition for that role . Some things TVGuide.com...
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Paidcontent (Free subscription) | 04/29/2008
So Macrovision's ( NSDQ: MVSN ) buyout of Gemstar-TVGuide will go up for approval before shareholders tomorrow. As we reported before, the deal is expected to go through, as some of the shareholder opposition fizzled away . Macrovision has indicated that it is looking to sell off the publishing and cable assets, which include TV Guide magazine, TV Guide channel and the TVG Network (which is...
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Forbes (Free subscription) | 04/28/2008
While the share price dive makes sense, the timing does not. "For some reason it didn't correct until today," said Todd Mitchell, an analyst at Kaufman Brothers. Mitchell speculated that after Gemstar's debt was downgraded on Friday investors realized that those who would have taken the $6.35 per share in cash from the deal had done so, leaving the investors left who would let their shares be...
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Seeking Alpha (Free subscription) | 04/28/2008
Eric Savitz (Barron's) submits: Gemstar-TV Guide (GMST) shares are down sharply this morning ahead of the company's shareholder meeting tomorrow to vote on the company's proposed merger into Macrovision (MVSN). Complete Story »
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Paidcontent (Free subscription) | 04/25/2008
When Macrovision ( NSDQ: MVSN ) announced its intent to acquire Gemstar last December for $2.8 billion, there were considerable doubts as to whether the deal would ever happen—not that Gemstar, 41 percent controlled by News Corp. ( NYSE: NWS ), would approve the deal, but Macrovision shareholders weren't seeing the "vision." The stock instantly tanked on the news, and since then it's...
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White Collar Crime Prof Blog (Free subscription) | 04/10/2008
SEC Press Release - SEC Action Returns Former Gemstar CEO's Pending Severance Payment to Company and Shareholders - The Securities and Exchange Commission today announced a court ruling that successfully concludes its effort to stop a $29.5 million severance package...
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LA Times (Free subscription) | 04/10/2008
The U.S. Securities and Exchange Commission said it had stopped a $29.5-million severance package from being paid to Gemstar-TV Guide International Inc.'s former chief executive, who was charged with securities fraud.
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CFO (Free subscription) | 04/10/2008
The company gets back $29.5 million that was held in escrow under a provision of Sarbanes-Oxley pending a final court ruling in a fraud case.
