Tag: Time Warner

Former Time Warner CEO Richard Parsons Named Interim Chairman of CBS’ Board of Directors

Richard Parsons ( Photo by Donald Traill/Invision/ AP/REX/Shutterstock)

by Cynthia Littleton via Variety.com

Richard Parsons, former chairman and CEO of Time Warner, has been named interim chairman of the CBS board of directors.

The newly configured CBS board had its first formal meeting via teleconference on Tuesday after the shakeup that began Sept. 9 with the forced resignation of longtime CEO Leslie Moonves amid sexual misconduct allegations.

Parsons was appointed to the CBS board earlier this month along with four other new members. He’ll be tasked with leading the board at a time of great transition for CBS.

Also on Tuesday, two more long-serving CBS board members, Bruce Gordon and William Cohen, confirmed that they have resigned from the board. Their departures leave the panel at 11 members. It’s not immediately clear if their seats will be replaced.

Gordon, former head of the NAACP and a former top Verizon executive, was credited with stepping up and leading the negotiations that led to Moonves’ resignation and the settlement of the lawsuit CBS filed against its controlling shareholder, National Amusements Inc.

Source: https://variety.com/2018/biz/news/richard-parsons-interim-chairman-cbs-board-1202957772/

Black Shopping Channel CEO Cleveland Gary Signs $125 Million Deal to Expand TV Viewership

Black Shopping Channel CEO Cleveland Gary

The Black Shopping Channel has announced the successful completion of a deal worth $125 million to expand TV viewership via Comcast, DirecTV, and Time Warner.

Currently, Black Shopping Channel can be seen on Dish Network. As of now, the financing structure is a combination of debt and equity in affiliationBSC with the New York Stock Exchange bank.  CEO Cleveland Gary states that, “The added $125 million to the company’s balance sheet raises the Black Shopping Channel’s market value to a $700 million dollar company and growing.”

Other sources are anticipating 200,000,000 monthly visitors by the end of 2015 for the Black Shopping Channel via their website at www.blackshoppingchannel.com.

The site enables Black business owners to own a free virtual store used to promote and advertise their products and give their business exposure to the high volume of monthly shoppers. Right now, BSC (Black Shopping Channel) is the only Urban television shopping channel that promotes products from Black and small business owners from all over the country. This channel alone is broadcast over national television, seen on DISH Network, cable, and FTA access, as well as 20,000,000 homes throughout the United States.  With this new deal, more people will learn about Black-owned businesses as more small businesses and their products get more exposure.

We will be exposed to more infomercials about black products and services.  So far, blackshoppingchannel.tv can be seen on 16 different network channels. If you want to learn more about how you can get your hands on Black-owned businesses, services, and products, click here at http://www.blackshoppingchannel.com/

article by Joshua D. Copeland via thereelnetwork.net

Chaka Khan Chosen For Apollo Legends Hall Of Fame

Chaka Khan

NEW YORK — R&B star Chaka Khan will be inducted into the Apollo Theater’s hall of fame.  The theater announced Thursday that Patti LaBelle and Mary J. Blige will perform in Khan’s honor at its June 10 New York gala.

The annual event raises funds for the Apollo’s education and community outreach programs.  Khan and Blige received a Grammy Award together in 2008 for “Disrespectful.”  Singer-songwriter Lionel Richie and the late Etta James were inducted last year into the Apollo Legends Hall of Fame.

Other previous inductees include LaBelle, Stevie Wonder, Michael Jackson and Aretha Franklin, to name just a few.  Sarah Jessica Parker will present this year’s corporate award to Time Warner Inc.

via Chaka Khan Chosen For Apollo Legends Hall Of Fame.