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TW CEO loads up on stocks
Time Warner Inc. said Monday that CEO Richard Parsons has bought about $500,000 in stock of the world’s largest media company. Parsons on Friday purchased stock units under TW’s deferred compensation plan at $18.61 per share. TW shares, which some on Wall Street see as undervalued right now, closed down 0.7% Monday at $18.48. During the past year, the stock has traded from $17.92-$23.15.
Calif. video game violence bill killed
A federal court judge has nixed a California Assembly bill signed by Gov. Arnold Schwarzenegger that would have outlawed the sale of violent video games to minors. U.S. District Court Judge Ronald Whyte signed a permanent injunction blocking Assembly Bill 1179, citing a lack of evidence linking video games to violent behavior. Whyte had issued a preliminary injunction in December after trade organizations for the video game industry sued to stop the bill.
Worldwide Biggies scores $9 mil in backing
Worldwide Biggies Inc. said Monday that it closed a $9 million round of funding co-led by NBC Universal and Platform Equity, with significant participation from Hearst Corp., Alan Patricof’s Greycroft Partners and Prism VentureWorks.
History warms up to ‘Ice Road’
History Channel has scheduled three additional episodes of its successful unscripted series “Ice Road Truckers.” “The Ice Road: Then and Now,” a one-hour special on the history of ice roads, is set to air at 9 p.m. Aug. 26, while “Ice Road Truckers: Off the Ice,” a two-part reunion special, airs at 9 p.m. Sept. 2 and Sept. 9. “Ice Road” has been averaging about 3 million total viewers each Sunday night since its June 17 premiere, according to Nielsen Media Research. The series is produced by Original Prods.
Exec pair rise on ESPN depth chart
NEW YORK — ESPN promoted two executives to vp positions in its programming and acquisitions department, the company said Monday. Rosalyn Durant and Julie Sobieski, both of whom joined ESPN after graduating college in 1999, moved from senior director to vp, effective immediately. Durant manages the day-to-day relationship between ESPN and the NBA, Major League Lacrosse, Major League Soccer, FIFA, UEFA, U.S. Soccer and Olympic sport leagues. Sobieski oversees day-to-day relationships with NASCAR, IndyCar Series, NHRA, Champ Car and other motorsports on ESPN and ABC.
Gregory moves to TV Land in vp role
Scott Gregory has been named vp programming at TV Land, where he will be responsible for the development and management of scheduling strategies for both longform original and acquired programming, including the network’s upcoming original “High School Reunion,” the annual TV Land Awards and the acquired series “Scrubs” and “Just Shoot Me!” Based in New York, he also will be responsible for building promotional strategies in partnership with the network’s ad sales and marketing teams and managing multiplatform scheduling. Gregory was vp scheduling at BBC America.
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