Garth Drabinsky's curtain call

Article Abstract:

Toronto, Ontario-based Livent Inc. posted a loss of C$29.9 million on revenue of $80 million for the first quarter of 1998, compared to a profit of $4.3 million on sales of $72.3 million in the same quarter in 1997. The quarterly loss prompted a reshuffle of the company's senior management and ownership. The coup de compagnie on Apr. 13, 1998, gave effective Michael Ovitz voting control of the company and demoted the company's founder, Garth Drabinsky, to vice chairman and creative director from chairman and CEO. The restructuring also relegated former president Myron Gottlieb to head a smaller Canadian unit and brought in Roy Furman to head the company as chairman and CEO.

Comment:

Posted a loss of C$29.9 million on revenue of $80 million for the first quarter of 1998

Sales, profits & dividends, Performing Arts Companies, Theatrical & Concert Artists & Producers, Livent Inc.

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Sports team IPOs score a following

Article Abstract:

Sports teams raise cash through initial public offering(s) (IPOs). According to industry observers, IPOs allow owners to obtain some equity with low risk. IPOs are getting popular as team owners consider various ways of raising capital without having to completely sell out. In Canada, the IPO has the been the more popular way of raising cash by professional teams, including major League Baseball's Montreal Expos, the National Hockey League's Edmonton Oilers. Canadian Football League's Calgary Stampeders is the only franchise which is close to launching an IPO.

Comment:

Canada: Sports teams raise cash through initial public offering(s)

Organizational history, Sports Teams and Clubs, Professional Sports

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Saturday Night expected to call it a day

Article Abstract:

Toronto, Ont.-based Hollinger Inc., which is controlled by media tycoon Conrad Black, is expected to end publication of Saturday Night, which is the oldest magazine in Canada. Hollinger may fold the 113-year-old magazine into its National Post weekend edition.

Newspapers, Newspaper Publishers, Periodical Publishers, Product discontinued, Periodicals, General & Consumer Periodicals, Newspaper publishing, Periodical publishing, General interest magazines, Product discontinuation, Hollinger Inc.

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