Wednesday, July 12, 2006

Canadian media company CHUM Limited has announced that it has agreed to be acquired by larger rival Bell Globemedia Inc. for $1.7 billion CAD cash, bringing the CTV and Citytv broadcast-television networks and such specialty channels as MuchMusic, TSN and Bravo! under the same corporate umbrella.

Shareholders will receive $52.50 per common share of CHUM and $47.25 per Class B (non-voting) share. The estate of the late Allan Waters, who died late last year, has agreed to tender all its shares to the bid, netting the Waters family nearly $450 million.

In a joint statement, CHUM’s chairman, Jim Waters, said, “In Bell Globemedia’s offer, we not only found value for shareholders, but confidence that we would be placing CHUM in the hands of an owner with the financial resources and track record to continue to grow and build on our collective legacy.”

Globemedia CEO Ivan Fecan added, “We are able to make this premium offer because Bell Globemedia is clearly the most logical buyer of CHUM. There is a unique strategic fit to our operations that can make the united company a stronger national champion in broadcasting. We intend to maintain and build the valuable CHUM brands and develop more opportunities for Canadian programming.” He added that CTV and Citytv will remain separate networks and “will maintain separate and independent news divisions in order to ensure a continued diversity and competition in news coverage.”

In a separate release, CHUM announced it would be cutting 281 jobs at its stations across the country, particularly at its Citytv stations in western Canada. Effectively immediately, evening newscasts at CKVU-TV Vancouver, CKEM-TV Edmonton, CKAL-TV Calgary and CHMI-TV in the Winnipeg market are being eliminated, with plans for a new newsmagazine tentatively titled In Your City at the three Prairie stations, and more resources being put into each station’s local version of Breakfast Television. Less drastic changes are planned for its A-Channel stations in smaller markets. The company said these changes will result “in a significant reduction in staffing and operating costs.”

The companies said that they expect to sell CHUM’s A-Channel stations, as well as Alberta educational broadcaster Access, to third parties, despite CTV’s historical ties to several of them. Many of the A-Channel stations were originally acquired by CHUM from Baton Broadcasting, the predecessor of Bell Globemedia, in 1997, as part of a trade that sent CHUM’s ATV and ASN assets in Atlantic Canada to Baton and allowed Baton to acquire the CTV network itself.

Despite CHUM’s ownership of MuchMusic and CTV’s recent launch of MTV Canada, the companies claim their specialty channels are “complementary” and did not indicate any sale plans.

Bell Globemedia is currently majority-owned by BCE Inc. but is awaiting regulatory approval for a restructuring involving the Ontario Teachers Pension Plan, Torstar Corp., and the Thomson family. In the interim, the takeover offer will be made by a new company owned by the proposed new shareholder structure.

Sunday, February 13, 2005

LONDON – The big-budget Hollywood movie The Aviator and the low-budget Brit flick Vera Drake have scooped the main prizes at the 2005 Orange BAFTA Film Awards. Four gongs went to The Aviator with the top ones being Best Film and Cate Blanchett for Best Supporting Actress. Vera Drake got three gongs with Best Director, Best Actress & Costume Design. Jamie Foxx got Best Actor with Ray and Clive Owen got Best Supporting Actor with Closer.

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Tuesday, March 6, 2007

Manchester United will be taking on eleven of the top players in Europe in a celebration match next Tuesday at Old Trafford, and the lineup for the European XI is coming together nicely. The game is a UEFA-Manchester United collaboration created to commemorate not only the 50th anniversary of the signing of the Treaty of Rome, but also the 50th anniversary of Manchester United entering into European club competitions. Funds raised in the match will go to support the Manchester United Foundation, which works with local charities as well as UNICEF to aid children in need. Italian Marcello Lippi will be in charge of coaching the European XI side, and his assistant will be Andy Roxburgh. Confirmed players have slowly been filing into the team, but with current Manchester United on-loan striker Henrik Larsson confirmed, the XI is now complete.

Friday, June 22, 2007

Following the dramatic escape of an Indonesian housemaid from a 15th-floor apartment in Kuala Lumpur, the Malaysian government has suspended the licences of 19 housemaid agencies, following complaints of abuse and unpaid wages.

The move by the Home Ministry yesterday comes after an Indonesian woman named Ceriyati Dapin climbed from a 15th-floor Sentul apartment on a makeshift cloth rope to escape an employer she said was abusive. In the incident last Saturday, the 33-year-old woman made it to the parapet of the 12th floor when she became fearful and froze. She was eventually rescued by the fire brigade. She said she had been repeatedly beaten and starved by her employer.

The maid agency that sent Ceriyati to her employer was a company called Kemas Cerah, and it is among the agencies suspended. The employer was arrested on Monday and remains in custody while police investigate Ceriyati’s claims, a police spokesman told the Associated Press.

“The maid was supposed to be sent to an employer in Terengganu but was indiscriminately sent to another employer,” Home Minister Radzi Sheikh Ahmad was quoted as saying by Bernama news agency.

In Indonesia, where newspapers have been carrying the story on their front pages, the Malaysian embassy in Jakarta assured the Indonesian government it was doing all it could to investigate the case.

In addition to suspending the agencies, 85 agency owners and managers have been blacklisted, and will be prevented from opening new operations under different names, the ministry said.

“They have until the end of this month to appeal the suspension and if they fail to do so, their permits will be immediately terminated,” Radzi was quoted as saying by the New Straits Times.

This was the first time the ministry has taken such an action on maid abuse, Radzi added.

An industry group, the Malaysian Association of Foreign Maid Agencies, or Persatuan Agensi Pekerja Asing (PAPA), said it was shocked by the government’s move, and that it could inconvenience maids.

“We panicked when news of this came out. No show-cause letters were given, nor were we informed by the ministry beforehand on the decision,” the group’s president, Raja Zulkepley Dahalan, was quoted as saying by The Star. “In addition to this, 12 of those agencies are registered under Papa, and have a good track record,” Raja Zulkepley said.

The suspensions will leave maids in a lurch, Raja Zulkepley said.

“Almost every day, about 200 maids from various countries, especially from Indonesia, make their way into the country,” he told The Star. “With these 19 agencies under suspension, these maids are all now stuck in immigration and others in hostels, unable to move anywhere. We dare not even think about the other maids who are coming tomorrow, or the day after.”

Malaysia relies heavily on migrant labour, mainly Indonesians, for such jobs as domestic servants, construction and plantation work.

Around 1,200 Indonesian housemaids run away from their employers every month, according to the Associated Press, often because of abuse, unpaid salaries or harsh working conditions.

The government has established a 24-hour hotline for reports on maid abuse. The hotline numbers are 03-8880 1455 and 03-8880 1399.

Saturday, October 17, 2009

A strong, 6.4 magnitude earthquake stuck Indonesia on Friday, even as recovery efforts continued from the devastating tremors that hit there last month.

The earthquake caused some buildings to sway in the country’s capital, Jakarta; however, there were no reports of injuries. According to officials, the earthquake’s epicentre was in in the Sunda Strait, off the western coast of the island of Java.

The earthquake wasn’t powerful enough to generate a tsunami, according to a Meteorology and Geophysics Agency official, Suhardjono.

On September 30, a powerful magnitude 7.6 earthquake struck Indonesia, causing landslides, destroying buildings, and killing over a thousand people. Cleanup and recovery efforts for that quake are still ongoing. Tremors frequently strike Indonesia and neighbouring vicinities, as it is positioned on an arc of fault lines.

Saturday, February 16, 2008

There were 5 games played in the National Hockey League on February 15, 2008.