Tagged With: Media

The Securities and Exchange Commission (SEC) has launched an informal inquiry into stock trades at Stan Lee Media, which may have attributed to the company's stock plunging from $12 to $0.12. The SEC is looking into large trades made by executives and investment partners. In addition, the government agency is investigating possible misuse of company funds by former employees. The alleged misuse was uncovered during a recent internal investigation. Stan Lee Media has terminated executive VP operations Stephen Gordon and its consulting pact with Paraversal Inc.

Oxygen Media, the year-old television/Internet media company dedicated to programming for women, has received a hefty investment of US$100 million from Microsoft co-founder Paul Allen's Vulcan Ventures. Allen's investment firm was an early fund supplier to the fledgling network. The channel has struggled since its inception to find major cable systems to carry its programming. Oxygen was founded by Gerry Laybourne, the former president of Nickelodeon, who helped build the children's network into one of the top rated cable channels in the U.S. and around the world.

* Monday, January 22 Thursday, January 25, 2000. Las Vegas, Nevada, U.S.A.

On Tuesday, November 1, 2000, The Harvey Entertainment Company announced that the proposed preferred stock investment by Classic Media LLC has been terminated due to the companies' inability to reach a definitive agreement. On August 24, 2000, Harvey announced that it had signed a Letter of Intent with Classic Media for an investment of roughly US$30 million in exchange for a new issue of Harvey Preferred Stock.

* Sunday, October 22, 2000. Los Angeles, California, U.S.A.

ZDF Enterprises has announced the creation of a new subsidiary, ZDF.new media. Based in Mainz, Germany, ZDF.new media will be run by recently appointed Peter Lang, president of marketing and sales, and Dirk Max Johns, president of content and multimedia products. The duo, with a staff of ten, will develop and grow the companys Websites www.zdf.msnbc.de and www.adf.de. "The foundation of ZDF.new media marks an important milestone for the future development of the ZDF-Group," said Alexander Coridass, president of ZDF Enterprises.

* Thursday, October 26 Saturday, October 28, 2000. Oakville, Ontario, Canada.

BKN International AG, a childrens animated production, distribution and marketing company, has launched a new media division, BKN New Media Ltd. The division was established to help BKN better exploit its properties over the Internet. The first venture for the new arm will be the launch of its consumer-based community Website featuring THE ROSWELL CONSPIRACIES.