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Monday, May 17, 2010

Fidelity National consortium not to bid: source

Blackstone Group LP (BX.N), TPG Capital LP TPG.UL and Thomas H. Lee Partners were in talks to buy the company, sources familiar with the situation previously told Reuters.
Fidelity's board had wanted a substantial increase in the price that the consortium was not prepared to meet, the source said. The exact price the board wanted was not revealed.
A leveraged buyout for Fidelity could have been worth around $15 billion, a source previously told Reuters, or about $32 a share. Fidelity, valued at around $11 billion, has $3 billion of debt, according to its latest quarterly report.
The payment processing company said in a statement earlier on Monday that its board, through a special committee advised by Goldman Sachs (GS.N), was evaluating strategic alternatives.
Those included a potential leveraged buyout opportunity that was proposed or a leveraged recapitalization with a share repurchase, it said.
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NBC takes U-turn with fall lineup after Leno

But will several brand new scripted shows do any better? As broadcast networks battle it out for prime-time viewers, the peacock network is rolling the dice by returning to what once made it famous: dramas.
"This new schedule brings NBC back to basics with its commitment to quality scripted programming," said Jeff Gaspin, chairman of NBC Universal Television Entertainment. "Our new shows are distinctive and feature a combination of the biggest talent, the brightest new stars and the strongest auspices in television."
Quality scripted TV and creating stars was what NBC was known for. The 10 p.m. time slot was once hallowed.
It was the home of such beloved shows as "St. Elsewhere" and "E.R." So, it was a huge gamble when the network moved Jay Leno from host of "The Tonight Show" to his own 10 p.m. show.
The decision proved disastrous, with the network very publicly reversing its decision by kicking Conan O'Brien out of "The Tonight Show" host chair and bringing Leno back -- touching off the late-night talk show wars and riling up a nation of "Team CoCo" fans.
It also gave media types a great deal to write and talk about in terms of how the network would plan its rebound.
"Stripping the 10 p.m. hour with a talk show that duplicated a lot of other talk shows that were already on later: not that great," wrote Linda Holmes in NPR's Monkey See column. "Bygones, right?"
Bygones indeed.
The recently announced NBC schedule includes a new franchise of an old standard and drama from an Emmy award-winning executive producer who has brought ratings gold to another network and plenty of excitement to the cinema.
"Chase" will be a freshman drama from Jerry Bruckheimer, whose company is behind the successful CBS "CSI" franchise and the "Pirates of the Caribbean" films. It will occupy the 10 p.m. slot on Mondays.
In what is sure to be viewed by some as a nod to the success of the location-based "CSI" franchise, "Law & Order: Los Angeles" will occupy the 10 p.m. slot on Wednesday nights, even as its namesake leaves the air after almost 20 years.
NBC is bringing back "Parenthood" for a 10 p.m. Tuesday slot and will offer new shows, the romantic anthology "Love Bites" on Thursdays and the Jimmy Smits-starring/O'Brien-produced drama "Outlaw" on Fridays.
Robert Thompson, founding director of the Bleier Center for Television and Popular Culture at Syracuse University, said the new NBC schedule is a case of "when something you try goes really, really badly, follow it up by doing the opposite."
Sure it's different, but will it work for NBC?
"It's not necessarily the most rational thing to do," Thompson said. "I don't know that the failure of Jay Leno demonstrated that people would not watch a five-day-a-week program like that at 10 o'clock. It proved that they would not watch Leno and that that particular show wasn't very good."
But NBC seems to be counting on the new 10 p.m. lineup in addition to new scripted shows like "Undercovers," a spy drama about a married couple, and "The Event," about a man who investigates the mysterious disappearance of his fiancée.
The slew of new comedies and dramas makes sense, strategically: In a nutshell, post-Jay Leno Show, NBC's executives have only one season to prove they can make new hits before getting taken over by Comcast, writes TIME's TV critic James Poniewozik. "So they're throwing everything they can at the wall, whatever the cost, in hopes that something (hopefully several somethings) will break out."
NBC's predicament seems the exact opposite of rival network Fox, which also announced its fall lineup.
Whereas NBC is looking for a do-over and hoping folks strip the Leno debacle from their memory, Fox appears to be playing to its strengths by launching a Tuesday comedy night anchored by its break-out hit "Glee" and expanding the juggernaut "American Idol" from 60 to 90 minutes.
Fox is bringing back its buzz-worthy shows like "Fringe," "Bones" and "Lie to Me," while adding four comedies: the animated "Bob's Burgers," "Mixed Signals," "Raising Hope" and "Running Wilde." It's also adding three dramas: "Lonestar," "Ride-Along" and "Terra Nova."
Thompson said other broadcast networks might soon take a page from Fox in doing away with the 10 p.m. time slot altogether as successful cable series continue to erode the audience numbers with fewer episodes, which also means shows that are produced more cheaply.
"We've seen some of the networks already give some of their time slots back to the affiliates," he said. "Fox doesn't have to program as much as the original three networks because they don't have that [10 p.m.] time slot, and I wouldn't be surprised to see another network follow suit. NBC's first attempt to solve the economies of modern television's problem was the Leno idea and that didn't work."
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Thursday, April 22, 2010

Despite what many might think

Despite what many might think, English Movies is well known across hundreds of nations all over the world. English Movies has been around for several centuries and has a very important meaning in the lives of many. It would be safe to assume that English Movies is going to be around for a long time and have an enormous impact on the lives of many people. Social & Cultural Factors English Movies has a large role in American Culture. Many people can often be seen taking part in activities associated with English Movies. This is partly because people of most ages can be involved and families are brought together by this. Generally a person who displays their dislike for English Movies may be considered an outcast.(joozone.com) Economic Factors It is not common practice to associate economics with English Movies. Generally, English Movies would be thought to have no effect on our economic situation, but there are in fact some effects. The sales industry associated with English Movies is actually a 2.3 billion dollar a year industry and growing each year. The industry employs nearly 150,000 people in the United States alone. It would be safe to say that English Movies play an important role in American economics and shouldn't be taken for granted. Environmental Factors After a three month long research project, I've been able to conclude that English Movies doesn't negatively effect the environment at all. A English Movies did not seem to result in waste products and couldn't be found in forests, jungles, rivers, lakes, oceans, etc... In fact, English Movies produced some positive effects on our sweet little nature. Political Factors Oh does English Movies ever influence politics. Last year 5 candidates running for some sort of position used English Movies as the primary topic of their campaign. A person might think English Movies would be a bad topic to lead a campaign with, but in fact with the social and environmental impact is has, this topic was able to gain a great number of followers. These 5 candidates went 4 for 5 on winning their positions. Conclusion English Movies seem to be a much more important idea that most give credit for. Next time you see or think of English Movies, think about what you just read and realize what is really going on. It is likely you under valued English Movies before, but will now start to give the credited needed and deserved.
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