New York, NY – May 24, 2013 – News Corporation and the new News Corporation today announced that the separation of News Corporation (the “Company”) into two distinct publicly traded companies, 21st Century Fox and the new News Corporation, has been formally approved by the Company’s Board of Directors. The Company announced appointments to the Boards of Directors of both companies, effective upon the completion of the separation, which is expected to occur on June 28, 2013. In connection with the separation, the Company’s Board has approved the distribution of all shares of the new News Corporation to the Company’s stockholders in a ratio of one share of the new News Corporation for every four shares of News Corporation. Furthermore, the Board authorized a $500 million stock repurchase program for the new News Corporation following completion of the separation. “Today’s announcement is a significant step in creating two independent companies with the world’s leading portfolios of publishing and media and entertainment assets,” said Rupert Murdoch, who will serve as Chairman and CEO of the proposed 21st Century Fox, and Executive Chairman of the new News Corporation. “We continue to believe that the separation will unlock the true value of both companies and their distinct assets, enabling investors to benefit from the separate strategic opportunities resulting from more focused management of each division.” Mr. Murdoch continued: “The two new industry leaders created by the separation will be guided by the ... Read More »
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American Idol Season 12 drew the smallest ratings in show history.
According to The York Dispatch, these two were watching last week's Idol finale (and drinking) when they got into an argument over who should win.
Accounts differ on who went into the kitchen of Stambaugh's home to get a knife first… but both ended up with stab wounds and both were treated at the hospital for non-life-threatening injuries.
Both were arrested as well, of course.
They were each charged with two counts of simple assault and one count of aggravated assault.
Authorities said they found two knives and two bottles of alcohol, among other things, in the home; while both halves of the couple confirm they had been imbibing.
Stambaugh said Harrelson started drinking beer and tequila at 5 a.m., while he joined in at noon by downing beer and a pint of scotch. That's... impressive. And frightening.
The Boy Scouts of America have voted to allow gay Scouts to join the ranks.
According to multiple media sources, the scouting organization decided, by a 61-38 vote, to eliminate sexual orientation as youth membership criterion.
Under the new ruling, gay Scout leaders are still prohibited, however.
The Boy Scouts of America's National Council's decision to ease a long-standing ban and allow openly gay boys came amid a firestorm of controversy.
One that likely won't end with this particular vote, either.
The Scout leaders who voted during the annual meeting in Texas accepted the proposal, but it was far from unanimous, and may not please either side.
Already, critics say they went too far ... or not far enough.
Some conservative churches that sponsor Scout units wanted to continue excluding gays, in some cases threatening to defect if the ban were lifted.
More liberal Scout leaders, while supporting the proposal to accept gay youth, have made clear they want the ban on gay adults lifted as well.
Should the Boy Scouts allow gay scouts?
‘Fast & Furious 6′ Opens To Big $6.5M Thurs Late Shows/Friday Midnights; ‘Hangover III’ Weak $11M Wed/Thurs Kicks Off Too Crowded Memorial Weekend
FRIDAY 7 AM, 3RD UPDATE : Universal’s Fast & Furious 6 debuted in 2,409 North American theaters for Thursday 10 PM late shows and Friday midnights and nearly doubled its last take. It took in $6.5M which speeded past Fast 5‘s $3.8M late show grosses from an uncrowded April 29, 2011. Fast & Furious 6 opens day and date in 59 international territories this weekend. More later. THURSDAY 11:30 PM, 2ND UPDATE: Warner Bros’ The Hangover Part III co-financed with Legendary Pictures went wide in 3,555 North American theaters today and my sources say it opened to $11 million which includes Wednesday late shows and Thursday midnights. That’s miniscule compared to The Hangover Part II‘s Thursday opening of $31.6M - 3,615 locations on May 26, 2011 - which was the highest-grossing opening day ever for a live-action comedy. (H3‘s also is less than Thursday’s $13.5M debut a week ago for Star Trek Into Darkness.) Plus audiences only gave The Hangover Part III a ‘B’ CinemaScore compared to the ‘A-’ which the sequel scored. This threequel also scored even worse reviews (only 26% positive on Rotten Tomatoes) than H2 (34%) which was considered embarrassingly awful. But it’s still going to make a lot of moolah: worldwide moviegoers really like this mindless crap especially during the summer months. Internationally, the comedy is taking off in 3 markets this weekend – the UK, Australia and ... Read More »