Companies news of 2010-01-01 (page 1)

  • BET Unveils the Best 100 Music Videos of 2009 - NOTARIZEDJAMIE FOXX TAKES TOP HONORS ON...
  • Cablevision Statement Regarding Scripps Networks' Decision to Pull HGTV and Food Network...
  • ASAT Holdings Limited Announces Signing of Agreement for the Sale of ASAT Limited
  • McClatchy Announces Extension of Miami Land Agreement
  • Court upholds TimberWest's petition of Campbell River tax bylaws aimed at its Managed...



    BET Unveils the Best 100 Music Videos of 2009 - NOTARIZEDJAMIE FOXX TAKES TOP HONORS ON BET'S YEAR-END NOTARIZED LIST WITH "BLAME IT"

    NEW YORK, Jan. 1 /PRNewswire/ -- After 12-consecutive hours of music, it's official, NOTARIZED, BET's annual video countdown special of the year announces the TOP 100 videos of 2009. Check out the elite list of music videos.

    (Logo: http://www.newscom.com/cgi-bin/prnh/20070716/BETNETWORKSLOGO ) NOTARIZED 2009: 1 Blame It Jamie Foxx f/ T- Pain 2 Turnin Me On Keri Hilson f/ Lil Wayne 3 Birthday Sex Jeremih 4 Knock You Down Keri Hilson f/ Kanye West and Ne-Yo 5 Turn My Swagg On Soulja Boy Tellem 6 Empire State Of Mind Jay-Z & Alicia Keys 7 Break Up Mario f/ Sean "The Pen" Garrett and Gucci Mane 8 Successful Drake And Trey Songz 9 Pretty Wings Maxwell 10 Day "N" Nite Kid Cudi 11 Run This Town Jay-Z, Rihanna, Kanye West 12 Every Girl Young Money (Lil Wayne, Drake, Jae Mills, Gudda Gudda, Mack Mane) 13 Diva Beyonce' (Sasha Fierce) 14 Rockin' That Thang The Dream 15 Trust Keyshia Cole f/ Monica 16 Kiss Me Through The Phone Soulja Boy Tellem f/ Sammie 17 D.O.A. (Death Of Auto-Tune) Jay-Z 18 Always Birdman & Lil Wayne f/ Mack Mane 19 Forever Drake f/ Lil Wayne, Kanye West, and Eminem 20 Ice Cream Paint Job Dorrough 21 You Complete Me Keyshia Cole 22 I Invented Sex/ Say Aah Trey Songz 23 Regret Letoya f/ Ludacris 24 Throw It In The Bag Fabolous f/ The-Dream 25 5 Star Chick Remix Yo Gotti f/ Lil Boosie, Gucci Mane & Trina, & Niki Minaj 26 Stanky Legg GS Boyz 27 I'm Good Clipse f/ Pharrell 28 It Kills Me Melanie Fiona 29 Last Chance Ginuwine 30 Swag Surfin Fast Life Yungstaz 31 If This Isn't Love Jennifer Hudson 32 Try Sleeping With A Broken Heart Alicia Keys 33 I Need A Girl Trey Songz 34 Dead And Gone T.I. f/ Justin Timberlake 35 The One Mary J. Blige f/ Drake 36 Obsessed (Remix) Mariah Carey f/ Gucci Mane 37 I Can Transform Ya Chris Brown f/ Lil Wayne & Swizz Beatz 38 Ego (Remix) Beyonce' (Sasha Fierce) f/ Kanye West 39 Love, Sex & Magic Ciara f/ Justin Timberlake 40 You're A Jerk New Boyz 41 Walk That Walk Dorrough 42 Doesn't Mean Anything Alicia Keys 43 Baby By Me 50 Cent f/ Ne-Yo 44 My President Young Jeezy f/ Nas 45 Halle Berry (She Fine) Hurricane Chris f/ Superstar 46 Epiphany Chrisette Michele 47 Digital Girl Remix Jamie Foxx f/ Kanye West and Drake 48 Crawl Chris Brown 49 Better Believe It Lil Boosie f/ Young Jeezy and Webbie 50 So Special Mavado 51 Drop It Low Ester Dean f/ Chris Brown 52 Boyfriend #2 Pleasure P 53 Sweet Dreams Beyonce' (Sasha Fierce) 54 On The Ocean K'Jon 55 Under Pleasure P 56 Spotlight Gucci Mane f/ Usher 57 Money To Blow Birdman f/ Lil Wayne and Drake 58 Never Ever Ciara f/ Young Jeezy 59 Just A Kiss Mishon 60 God In Me Mary Mary f/ Kierra "Ki Ki" Sheard 61 All Of The Above Maino f/ T-Pain 62 Jumping (Out The Window) Ron Browz 63 Mad Ne-Yo 64 How It Was Supposed To Be Ryan Leslie 65 Thinkin About You Mario 66 Gangsta Luv Snoop Dogg f/ The-Dream 67 Bad Habits Maxwell 68 Trick'n Mullage 69 Break Up To Make Up Jeremih 70 Tie Me Down New Boyz f/ Ray J 71 Walking On The Moon The-Dream f/ Kanye West 72 I Get In Omarion f. Gucci Mane 73 Just Like Me Jamie Foxx f/ T.I. 74 Give It To Me Right Melanie Fiona 75 Buy You A Round (Up & Down) Verse Simmonds 76 Chillin Wale f/ Lady GaGa 77 Imma Put It On Her Day 26 f/ Yung Joc and Diddy 78 It's Yours J. Holiday 79 Halo Beyonce' 80 Slow Dance Keri Hilson 81 We Made You Eminem 82 Freeze T-Pain f/ Chris Brown 83 Do The Ricky Bobby B-Hamp 84 Downloaded Lil Kim f/ T-Pain and Charlie Wilson 85 Right Round Flo Rida 86 Arab Money Remix Busta Rhymes f/ Diddy, Ron Browz, Swizz Beatz, & Akon 87 Ain't I Yung L.A. f/ Young Dro & T.I. 88 Lion, Tigers, & Bears Jazmine Sullivan 89 Imma Star Jeremih 90 Why R U Amerie 91 Amazing Kanye West f/ Young Jeezy 92 Number One R. Kelly f/ Keri Hilson 93 In Dis Club Pretty Ricky 94 Dancin On Me Webstar & Jim Jones f/ Juelz Santana 95 Chocolate High India.Arie f/ Musiq 96 Fresh 6 Tre G 97 Respect My Conglomerate Busta Rhymes f/ Jadakiss & Lil Wayne 98 Everything, Everyday, Everywhere Fabolous f/ Keri Hilson 99 Video Phone Beyonce' 100 Million Dollar Bill Whitney Houston For more details, viewers can log onto BET.com. *All times ET/PT About BET Networks

    BET Networks, a division of Viacom Inc. , is the nation's leading provider of quality entertainment, music, news and public affairs television programming for the African-American audience. The primary BET channel reaches more than 98 million households and can be seen in the United States, Canada, the Caribbean, the United Kingdom and sub-Saharan Africa. BET is the dominant African-American consumer brand with a diverse group of businesses extensions: BET.com, a leading Internet destination for Black entertainment, music, culture, and news; BET Digital Networks - BET J, BET Gospel and BET Hip-Hop, attractive alternatives for cutting-edge entertainment tastes; BET Home Entertainment, a collection of BET-branded offerings for the home environment including DVDs and video-on-demand; BET Mobile, which provides ringtones, games and video content for wireless devices; and BET International, which operates BET in the United Kingdom and oversees the extension of BET network programming for global distribution.

    Photo: http://www.newscom.com/cgi-bin/prnh/20070716/BETNETWORKSLOGO
    AP Archive: http://photoarchive.ap.org/
    PRN Photo Desk, photodesk@prnewswire.com BET Networks

    CONTACT: Marcy Polanco, +1-212-975-4048, marcy.polanco@bet.net, or
    Tricia N. Newell, +1-212-975-8230, tricia.newell@bet.net, both of BET
    Networks

    Web Site: http://www.bet.com/




    Cablevision Statement Regarding Scripps Networks' Decision to Pull HGTV and Food Network Off Cablevision

    BETHPAGE, N.Y., Jan. 1 /PRNewswire-FirstCall/ -- "Unfortunately, Scripps has decided to stop distributing HGTV and Food Network to Cablevision customers upon the expiration of our current agreement at midnight, December 31. We are sorry that Scripps' current financial difficulties are making it impossible for them to continue our relationship on terms that are reasonable for Cablevision and our customers. We wish Scripps well and have no expectation of carrying their programming again, given the dramatic changes in their approach to working with distributors to reach television viewers."

    Cablevision Systems Corporation

    CONTACT: Jim Maiella of Cablevision, +1-516-803-3947

    Web Site: http://www.cablevision.com/




    ASAT Holdings Limited Announces Signing of Agreement for the Sale of ASAT Limited

    HONG KONG, DONGGUAN, China and MILPITAS, Calif., Dec. 31 /PRNewswire-FirstCall/ -- On September 22, 2009, ASAT Holdings Limited (ASTTY.PK) (the "Company"), a global provider of semiconductor package design, assembly and test services, announced that its Board of Directors had commenced a formal process to seek strategic alternatives, which could include the sale of the Company or one or more of its subsidiaries.

    Today, the Company announced that it has reached an agreement (the "Agreement") with United Test and Assembly Center, Ltd., a Singapore corporation, or its affiliates ("UTAC"), to sell to UTAC all the shares in ASAT Limited, the Company's wholly owned subsidiary, which is itself the indirect parent of ASAT Semiconductor (Dongguan) Limited, the only operating subsidiary of the Company. As part of the proposed transaction, UTAC will also purchase the rights to inter-company loans that have been made by the Company and New ASAT (Finance) Limited ("ASAT Finance") to ASAT Limited. ASAT Finance is a direct subsidiary of ASAT Limited and the issuer of the US$150 million principal amount of 9.25% Senior Notes due 2011 (the Notes") that have been guaranteed by the Company. ASAT Limited intends to transfer the outstanding shares of ASAT Finance to the Company prior to completion of the sale, such that ASAT Finance will become a direct subsidiary of the Company and will not be transferred to UTAC as part of the transactions set forth above (the "Sale Process").

    The consideration for the Sale Process will be US$44,643,887, subject to a downward post-closing adjustment of up to US$5,000,000, which is calculated on the basis of working capital, debt and certain additional factors.

    As a result of the above transactions, the material assets of the Company will consist only of the proceeds of the sale of the shares of ASAT Limited and the Company's loan receivable as well as the shares of ASAT Finance and the shares of Newhaven Limited, a dormant British Virgin Islands company with certain dormant direct and indirect subsidiaries. The assets of ASAT Finance will comprise of only the proceeds of the sale of the loan receivable of ASAT Finance. The liabilities of the Company include its obligations as a guarantor under the Existing Notes and a borrower under a certain purchase money loan agreement (the "PMLA"), plus certain debts to professional advisors. The liabilities of ASAT Finance consist of its obligations as issuer of the Existing Notes.

    It is the intention of the Company as soon as possible after the Completion of the Sale Process to appoint a liquidator and to enter into a members' voluntary liquidation under the laws of the Cayman Islands. The liquidator is expected to distribute the proceeds of the Sale Process to the stakeholders of the Company and of ASAT Finance and then to wind up the Company and ASAT Finance. As the proceeds of the Sale Process will not be sufficient to satisfy the obligations of the Company and of ASAT Finance to their creditors, including the holders of the Existing Notes and the lenders under the PMLA, the Company does not believe that holders of ASAT's common stock and American Depository Shares will receive any proceeds from the distribution of assets upon liquidation (including the proceeds from the Sale Process).

    The disposal of all or substantially all of the assets of the Company, as contemplated under the Agreement, will require the approval of the shareholders of the Company as an ordinary resolution. Notice will be sent to shareholders shortly informing them of the holding of an Extraordinary General Meeting for this purpose.

    The completion of the Agreement is also subject to certain other conditions including the approvals of holders of a majority of the outstanding principal amount of the Existing Notes and of the PMLA lenders.

    About ASAT Holdings Limited

    ASAT Holdings Limited is a global provider of semiconductor package design, assembly and test services. With 20 years of experience, the Company offers a definitive selection of semiconductor packages and world-class manufacturing lines. ASAT's advanced package portfolio includes standard and high thermal performance ball grid arrays, leadless plastic chip carriers, thin array plastic packages, system-in-package and flip chip. ASAT was the first company to develop moisture sensitive level one capability on standard leaded products. Today, the Company has operations in the United States, Asia and Europe. For more information, visit http://www.asat.com/.

    About United Test and Assembly Center Ltd

    United Test and Assembly Center Ltd (UTAC) is a leading independent provider of semiconductor assembly and testing services for a broad range of integrated circuits including memory, mixed-signal, logic and radio-frequency ICs. The Group offers a full range of package and test development, engineering and manufacturing services and solutions to a worldwide customer base, comprising leading integrated device manufacturers (IDMs), fables companies and wafer foundries. UTAC operates manufacturing facilities in Singapore, Thailand, Taiwan and China, in addition to its global network of sales offices in the United States, Europe, Japan, Korea, China and Singapore. For more information, please visit http://www.utacgroup.com/

    Safe Harbor

    This news release contains statements and information that involve risks, uncertainties and assumptions. These statements and information constitute "forward-looking statements" within the meaning of federal securities laws including Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements, including statements regarding the Sale Process, its timing and our continuation as a going concern, involve known and unknown risks, uncertainties, assumptions and other factors that could cause the actual performance, financial condition or results of operations of ASAT Holdings Limited to differ materially from those expressed or implied in any forward-looking statement. Investors are cautioned that actual events and results could differ materially from those contained in these statements as a result of a variety of factors, including: whether the Company can remain a primary source of packaging and assembly services in the semiconductor industry and continue to stay at the leading edge of packaging technology; the ability of the Company and its shareholders, noteholders, and other lenders to agree to and effectively complete the Sale Process in a timely manner or at all; the risk that the Company may not be able to continue as a going concern if such a process is not so implemented and that its operations may be materially adversely affected during or after its discussions with noteholders if, for example, its customers and/or suppliers determine that the Company presents credit or supply risks; the Company's ability to maintain and enhance its operational metrics on an ongoing basis; the risk that the Company will not be able to obtain adequate future funding for its operations; the Company's dependence on the highly cyclical semiconductor market; acceptance and demand for the Company's products and services; and those risks, uncertainties, assumptions and other factors stated in the section entitled "Risk Factors" in our Annual Report on Form 20-F filed with the United States Securities and Exchange Commission on October 30, 2008 and the section entitled "Risk Factors" in our current reports on Form 6-K filed with the United States Securities and Exchange Commission containing quarterly financial information. The forward-looking statements in this release reflect the current beliefs and expectations of the Company as of this date, and the Company undertakes no obligation to update these projections and forward-looking statements to reflect actual results or events or circumstances that occur after the date of this news release.

    The websites referred to above are provided for informational purposes only and the contents thereof are not intended to be incorporated in this news release.

    ASAT Holdings Limited

    CONTACT: For ASAT Holdings, Jim Fanucchi, Summit IR Group Inc.,
    +1-408-404-5400, ir@asat.com; or For UTAC, Chong Chow Pin, Group Corporate
    Development, Email: ir@sg.utacgroup.com, or Josephine Lim, Group Corporate
    Communications, Email: media@sg.utacgroup.com, Tel: (65) 6481-0033, Fax: (65)
    6551-1521

    Web Site: http://www.asat.com/




    McClatchy Announces Extension of Miami Land Agreement

    SACRAMENTO, Calif., Dec. 31 /PRNewswire-FirstCall/ -- The McClatchy Company announced today that the agreement to sell 10 acres of land adjacent to The Miami Herald has been extended to Jan. 19, 2010, in exchange for an increase in the termination fee from $6 million to $7 million should the buyer fail to close the transaction. The buyer, Citisquare Group, LLC, has the right to further extend the agreement to Jan. 31, 2011, upon payment to McClatchy of an additional $6 million nonrefundable deposit on or before Jan. 19, 2010. McClatchy previously received a $10 million nonrefundable deposit, which it used to repay debt. The buyer had until Dec. 31, 2009, to close the transaction pursuant to the terms of the existing purchase agreement.

    Pat Talamantes, McClatchy's vice president and CFO, said, "While we would have preferred to close the transaction at the end of 2009 so that we could repay debt with the proceeds, McClatchy is now entitled to collect $7 million if the transaction fails to close. If the agreement is further extended to January 2011, McClatchy will receive an additional $6 million nonrefundable deposit in addition to the nonrefundable deposit previously collected."

    About McClatchy

    The McClatchy Company is the third largest newspaper company in the United States, with 30 daily newspapers, approximately 50 non-dailies, and direct marketing and direct mail operations. McClatchy also operates leading local websites in each of its markets which extend its audience reach. The websites offer users comprehensive news and information, advertising, e-commerce and other services. Together with its newspapers and direct marketing products, these interactive operations make McClatchy the leading local media company in each of its premium high growth markets. McClatchy-owned newspapers include The Miami Herald, The Sacramento Bee, the Fort Worth Star-Telegram, The Kansas City Star, The Charlotte Observer, and The News & Observer (Raleigh).

    McClatchy also owns a portfolio of premium digital assets, including 14.4% of CareerBuilder, the nation's largest online job site, 25.6% of Classified Ventures, a newspaper industry partnership that offers two of the nation's premier classified websites: the auto website, cars.com, and the rental site, Apartments.com and 33.3% of HomeFinder, LLC which operates the real estate website HomeFinder.com. McClatchy is listed on the New York Stock Exchange under the symbol MNI.

    Additional Information

    Statements in this press release regarding future financial and operating results, including revenues, anticipated savings from cost reduction efforts, future dividend payments, cash flows, debt levels, as well as future opportunities for the company and any other statements about management's future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. There are a number of important risks and uncertainties that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: the duration and depth of the economic recession may reduce its income and cash flow greater than expected; McClatchy may not generate cash from operations, or otherwise, necessary to reduce debt as expected; McClatchy may not achieve its expense reduction targets or may do harm to its operations in attempting to achieve such targets; McClatchy's operations have been, and will likely continue to be, adversely affected by competition, including competition from internet publishing and advertising platforms; McClatchy's expense and income levels could be adversely affected by changes in the cost of newsprint and McClatchy's operations could be negatively affected by any deterioration in its labor relations, bankruptcies or financial strain of its major advertising customers; McClatchy's ability to maintain compliance with NYSE listing standards, including the NYSE share price standard and compliance with its market capitalization and stockholders' equity standards; as well as the other risks detailed from time to time in the Company's publicly filed documents, including the Company's Annual Report on Form 10-K for the year ended December 28, 2008, filed with the U.S. Securities and Exchange Commission. McClatchy disclaims any intention and assumes no obligation to update the forward-looking information contained in this release.

    The McClatchy Company

    CONTACT: Elaine Lintecum of The McClatchy Company, +1-916-321-1846,
    elintecum@mcclatchy.com

    Web Site: http://www.mcclatchy.com/




    Court upholds TimberWest's petition of Campbell River tax bylaws aimed at its Managed Forest Lands

    VANCOUVER, Dec. 31 /PRNewswire-FirstCall/ -- TimberWest's petition in the BC Supreme Court to have the City of Campbell River's 2009 tax rates bylaw (as it relates to managed forest lands) set aside has succeeded. In the Reasons for Judgment handed down today, Madam Justice Gerow declared that the sum of $1,211,639 was unlawfully levied by the City on TimberWest. Orders were made setting aside those portions of the Bylaw affecting TimberWest's managed forest lands and the Property Tax Notices issued by the City in relation to the Bylaw, remitting both the Bylaw and Tax Notices back to the City for reconsideration.

    "While we are pleased with the outcome, it is unfortunate we had to resort to the courts in this case," said Paul McElligott, President and Chief Executive Officer of TimberWest. "The ruling upholds the purpose of the Private Managed Forest Land Act and supports opportunity for investment in forestry on Managed Forest Lands."

    TimberWest is uncertain as to how the City will respond to this ruling. About TimberWest:

    TimberWest Forest Corp. is uniquely positioned as western Canada's largest private timber and land management company. The Company owns in fee simple approximately 322,000 hectares or 796,000 acres of private land and is in the business of selling timber products and real estate.

    TimberWest Forest Corp.

    CONTACT: Steve Lorimer, (250) 416-9294, Lorimers@timberwest.com

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