Business Briefs

Mar 19, 2001  •  Post A Comment

Media’s glass ceiling
Only 13 percent of the top executives and 9 percent of the board members of media, telecommunications and e-companies are women, according to a study released Wednesday by the Annenberg Public Policy Center. The study also said no women employed by network news companies are of executive vice president rank or higher. Also according to the study, only one woman had risen to the top echelons of other entertainment and media companies.
Henson Co. for sale
EM.TV and Merchandising, a German media concern, will probably sell Muppets creator The Jim Henson Co., which it bought for more than $680 million last year at the peak of its expansion drive. According to reports by Reuters and Bloomberg, industry sources said the Munich, Germany-based media-rights company was keen to sell because of weaker than expected earnings at the U.S. firm.
EM.TV (no relation to Electronic Media) had recently sold the rights to some Muppets characters-such as Elmo, Ernie and Big Bird-that have been part of PBS’s signature “Sesame Street” series to the nonprofit Sesame Workshop.
Turner gets a Wink
Turner’s cable networks CNN, CNN Headline News, TBS Superstation and Turner Network Television are expanding their existing relationship with interactive program guide provider Wink Communications. Besides providing enhanced programming, Wink’s interactive technology will be used for advertising and t-commerce enhancements on TBS.
EchoStar reduces loss
Direct broadcast satellite provider EchoStar Communications reduced its loss to $42 million from $71 million for the fourth quarter ended Dec. 31, 1999. The company reported a 56 percent increase in revenues to $805 million for the period compared with the previous year. EchoStar also reported it signed up 495,000 subscribers during the quarter, a 16 percent jump from the same period in 1999.