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, owner of CBS and MTV, has expressed interest only in Vivendi's cable channels, which include the USA Network and the Sci-Fi channel 5 billion in tax, plus interest â€â€?â€â€?â€â€? Associated Press Business Writer Seth Sutel contributed to this report NBC wants to merge Vivendi's entertainment assets with its own holdings, but its offer has not included any cash Vivendi took over the Universal assets from Seagram Vivendi would be able to raise cash by selling some or all of its stake in the combined company Tax Court 5 billion was well below the minimum Vivendi executives had said they would insist on for the assets The IRS wants Vivendi to pay an additional $1 Chairman Jean-Rene Fourtou has pursued a fire sale of assets that included Vivendi's publishing arm, its Internet holdings and art works in an effort to turn the company around after it piled up the debt in a buyout spree in the late 1990s Vivendi officials have said they would like to agree to sell the assets by the end of next month 89 billion) from a year ago, with its TV production and music businesses contributing to the drop have both withdrawn from the bidding process and a group headed by former Seagram Co Separately, Vivendi said it had received a formal notice from the Internal Revenue Service challenging the tax treatment of Seagram's redemption of shares in the chemical company DuPont Co 06 billion) Vivendi wants to sell its Universal film and TV studios, cable channels and Universal theme parks in a package to one of at least three bidders, officials at the Paris-based company have said 13 billion ($6 Last month, Vivendi said second-quarter revenue declined 60 percent to ?6 NBC sent a letter to Vivendi on Saturday providing more details about its proposal, a person with knowledge of the matter said Fourtou has hoped to build the new company around its telecoms arm, SFR-Cegetel, which reported a 6 percent revenue increase in the second quarter to ?1 Vivendi has been trying to sell assets to pay off huge debt, estimated at the end of last month at more than $13 billion NBC wants to create a new company that would be controlled by GE and which would be 20 to 25 percent owned by Vivendi, according to the source, who spoke on condition of anonymity Comcast Corp and Metro-Goldwyn-Mayer Inc Comcast did not say why it was pulling out, but MGM's bid of $11 Sources close to the company said last week that Vivendi was set to decide between the offers from General Electric Co 83 billion ($2 's NBC unit, cable mogul John Malone's Liberty Media Corp Hoping to pare billions of dollars in debt, Vivendi has set a $14 billion minimum for the package, but it wasn't clear whether the three bids made last week met that requirement Vivendi Mulling Entertainment Asset Bids Aug 25, 1:59 PM EST Vivendi Universal, a French media and utilities conglomerate, plans to hold a key board meeting Tuesday to discuss which of several bidders was most likely to buy its entertainment assets, company officials said Monday in April 1995 Viacom Inc However, company officials, asking not to be further identified, said there would be a meeting on Tuesday S Vivendi said it stands by its tax accounting, and said it would contest the IRS's claim in U A Vivendi spokesman declined to comment on the bids or even acknowledge that the board was to meet Tuesday executive Edgar Bronfman "I'll beat you," Powell joked In fact, Leno looked more comfortable than his sometimes strained cohorts Monday, proving "Today" has a solid format that can be handled by an agile and intelligent communicator He asked several serious questions about Powell's latest attempt to broker peace between the Israelis and Palestinians, and asked whether Saddam Hussein should be tried in the United States if found alive "How about you and Rumsfeld? Are you going to play golf anytime soon?" he gently queried Powell on the secretary's strained relationship with Defense Secretary Donald Rumsfeld Jay Leno Switches Jobs With Katie Couric May 12, 11:00 AM EST Jay Leno talked Mideast peace with Secretary of State Colin Powell, burned rubber in front of Rockefeller Center and â€â€? of course â€â€? cracked a few jokes Monday while subbing for Katie Couric as host of NBC's "Today" show " Leno later interviewed Rudolph Giuliani about a book the former New York City mayor wrote collecting quotes on leadership "Let's hope you kids don't jump the gun before the wedding," Leno said Smoke rose from the tires as Leno drove with nervous weatherman Al Roker, who is shedding weight after gastric bypass surgery, in the passenger seat While the switch took the country's favorite morning and late-night TV personalities out of their comfort zones, it also illustrated that the gulf between "news" and "entertainment" isn't so wide "Don't adjust your television set Couric is used to interviewing actors on "Today," and many Americans get their political news from Leno's "Tonight" show monologues Couric was to return the favor later Monday on the "Tonight" show as part of the ratings "sweeps" month stunt I've got a special co-host today," Matt Lauer said at the outset of the program Then Leno interviewed Powell on tape He joshed Giuliani about the former mayor's upcoming nuptials Lauer, in a far less glamorous stunt, is to swap jobs with a cab driver later in the week "You don't know how I can soup up a 1966 Volvo station wagon "Al lost 10 more pounds!" Leno said Leno seemed most comfortable during the show's second hour behind the wheel of a car, skidding and peeling out in the plaza in front of the "Today" studios Lauer took the day's top story, about a woman accused of killing two of her children in Texas An auto enthusiast, Leno challenged Powell to a car race |
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