Category: corporate buzz

CBS MarketWatch: Sinclair to Air Anti-Kerry Show. Sinclair Broadcasting Group, which owns the largest chain of TV stations in the United States, has told its stations to broadcast a documentary accusing Democratic presidential candidate John Kerry of betraying American prisoners during the Vietnam War, according to a news report Monday.

I guess this is the conservative answer to Michael Moore’s “documentary.” Sinclair includes 20 FOX stations – for those seeking fair and balanced coverage. So much for the pretense of an unbiased and impartial media. I’ve added Sinclair Broadcast Group contracts – including a number of employment agreements – to the web site.

Cincinnati Post: Bankruptcy Looming at Delta, Auditor Says. Delta Air Lines said Wednesday it has revised its 2003 annual report to include a new report by its independent auditor warning that bankruptcy is looming.

Nowadays, the most popular destination for the major airlines is bankruptcy court. Some are headed in that direction. Some have departed from there. And, one airline just made a return trip back to bankruptcy. I’ve added Delta contracts and US Airways contracts to the web site.

Reuters: Fidelity National to Buy InterCept. Fidelity National Financial Inc., a U.S. title insurance company, said on Thursday it agreed to buy bank technology company InterCept in a deal worth about $400 million, expanding its customer base.

I’ve posted InterCept contracts – mostly service agreements and employment agreements – on the web site.

Reuters: Video Game Maker Acclaim Files for Bankruptcy. Video game publisher Acclaim Entertainment Inc., which has been hampered by a lack of hit titles, filed for bankruptcy liquidation on Thursday after failing to line up new financing.

I’ve posted Acclaim Entertainment contracts on the web site. You can also find contracts from its competitors including 3DO, Nintendo and Electronic Arts.

Washington Post: Manugistics Fires Its President. Manugistics Group Inc. disclosed yesterday that it fired its president, as the maker of business software tries to reverse slipping sales, rising costs and a falling stock price. Jeremy Coote, who primarily ran sales and marketing for the Rockville company, was terminated last week and will leave today, according to a company filing with the Securities and Exchange Commission.

Well, this president won’t be getting four more years. There’s more. “Executives, through a spokeswoman, said they were constrained in commenting by a quiet period before releasing the company’s upcoming earnings.” They may be constrained from commenting, but firing the President before releasing earnings tells me all I need to know. The upcoming announcement won’t be a pretty one. I’ve posted Jeremy Coote’s employment agreement on the web site along with other Manugistics contracts.

New York Times: Alternative Slate Rejected at RedEnvelope Shareholders of RedEnvelope.com, an online gift catalog, sided with management yesterday and voted to reject a slate of directors proposed by the company’s co-founder.

Founders fighting with VCs for control of the company. Where have I heard that one before? Anyways, I’ve posted RedEnvlope contracts on the web site.

SF Gate: Ex-Cylink CFO Charged with Securities Fraud. The former chief financial officer of Cylink Corp. of Santa Clara was charged in federal court on Monday for his role in allegedly overstating the company’s revenue by millions of dollars.

I’ve posted Cylink contracts on the web site. A lot of employment contracts, but none involving the ex-CFO.

USA Today: Homegrown Satellite Radio Software Draws XM Fire. Catching Blondie’s reunion tour broadcast at 4 in the morning wasn’t an option for XM satellite radio subscriber and single father Scott MacLean. So the 35-year-old computer programmer from Ottawa, Ontario, wrote a piece of software that let him record the show directly onto his PC hard drive while he snoozed.

Will the RIAA go after people who copy music from the radio – satellite or otherwise? I’ve posted XM Satellite contracts on the web site. You can also find Sirius Satellite Radio contracts as well as ARTISTdirect contracts.

Reuters: Armor Holdings Wins Body Armor Contract. Armor Holdings Inc., a maker of vehicle armor for the military, on Friday said it won a 36-month contract for ceramic body armor plates that could be worth as much as $461 million.

I’ve posted Armor Holdings contracts on the web site. Mostly consulting and employment agreements.