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Biz Briefs

Jan 12, 2004  •  Post A Comment

Television and radio group Emmis Communications on Jan. 8 reported a nearly 5 percent rise in fiscal third-quarter earnings, as the Indianapolis-based company recorded gains in both its 27-station radio group and its 16-station TV group. Revenue advanced 3 percent to $160 million for the three months ended Nov. 30. The company said its television unit posted a 10 percent decline in net revenue to $63.2 million, due in large part to the lack of political advertising during the period.
SEC Charges Former Gemstar Execs
The Securities and Exchange Commission filed civil charges Jan. 5 against three former executives of Gemstar-TV Guide International in connection with a revenue-inflation scheme that led to the ouster of the company’s CEO and finance chief. Charging participation in the company’s “widespread and complex scheme to inflate its licensing and advertising revenue” and with misleading investors, the agency filed suit against Peter Boylan, co-president and chief operating officer from 2000 to 2002; Jonathan Orlick, former executive VP and general counsel; and Craig Waggy, chief financial officer from 1997 to 2002.
Huseby Named Charter Communications CFO
St. Louis-based cable operator Charter Communications has named Michael Huseby executive VP and chief financial officer, replacing Kent Kalkwarf, who was pushed out a year ago during a federal probe of the company’s accounting practices. Mr. Huseby had been president of MPH Associates, a management and information technology consulting firm that provided services to the broadband industry.
TiVo Sues EchoStar Over DVR Patent
Digital video recording company TiVo filed a lawsuit last week against EchoStar Communications, alleging the satellite operator violated a patent related to TiVo’s DVR technology. The suit, filed in federal district court in Texas, charges Littleton, Colo.-based EchoStar is violating a patent obtained by TiVo in 1998 that protects the company’s technology for recording one program while playing back another. San Jose, Calif.-based TiVo said it holds 49 patents and is awaiting approval on 100 more.