Do you know these 2009-10 news stories?
June 142010
1) Canwest filed for creditor protection and entered a recapitalization. Unfortunately, the Canadian government rejected this move, and Canwest began liquidation on November 4, 2009. Astral Media was announced as the buyer for Canwest twelve days later, and received CRTC approval on February 11, 2010, with the transaction completed on February 28. A day later, Global TV dropped the "greater than" sign from its logo.
2) Viacom announced in late 2009 that it was shutting down operations after being under Chapter 7 bankruptcy protection for a year. News Corporation announced a $2.3 billion takeover offer on November 13. Because of the merger, National Amusements was merged into CBS Corporation. News Corp originally intended to retain MTV and Nickelodeon as well as all of the other MTV networks and sell off Paramount Pictures to the Walt Disney Company; however, this was denied by the FCC over ownership guidelines, and News Corp was forced to sell MTV and Nickelodeon to Disney instead. The merger was approved on April 1, 2010 and was completed on April 22. The MTV sale was approved just yesterday and is expected to be completed at the end of June.
3) Warner Music Group, suffering from severe business struggles, began selling off its labels on September 14, 2009, notifying YouTube to remove their content unless the sale was complete. All of the sales were completed on or before November 1.
4) Ford Motor Company are currently in negotiations of selling Mazda and Volvo and winding down its Mercury brand. Potential buyers include Volkswagen, Nissan, Toyota and BMW.
5) Sony recently announced that the life cycle of the PlayStation 2 will not continue and that it would be discontinued on December 31, 2010. Its last title is expected to be NBA 2K11.
Yes.
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