Channel 4 boss Andy Duncan said Wednesday that the broadcaster will cut its editorial budget by 10%, or £60 million ($90 million), in the face of an 18% slump in TV advertising revenue. Channel 4 reiterated its decision to step back from U.S. acquisitions and said it will send a smaller team to this month's L.A. Screenings.
Canwest Global Communications has received another two-week extension from creditors as it continues its bid to avoid bankruptcy protection. The Canadian broadcaster said Wednesday that it has until May 19 to renegotiate growing debt obligations with senior lenders and U.S. bondholders.
Producer Laura Ziskin will deliver the commencement address at the USC School of Cinematic Arts graduation ceremony May 15 at the Shrine Auditorium. Producer and fellow SCA alum Shonda Rhimes will receive the school's Mary Pickford Foundation Award.
Maxyne Lang, president of Williamson Music and Williamson Music International, the U.S. and global publishing divisions of the Rodgers & Hammerstein Organization, will receive the Abe Olman Publisher Award on June 18 during the Songwriters Hall of Fame Awards 40th anniversary gala at the New York Marriott Marquis.