Entertainment and media correspondent
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Jan 20, 2012

Kodak bankruptcy dims once bright Hollywood star

LOS ANGELES (Reuters) – Kodak’s star may never shine again in Hollywood.

The bankruptcy of the American icon that invented the handheld camera is reverberating beyond Wall Street and around the world’s entertainment capital. Insiders say Hollywood may be on the verge of scaling back a decades-old symbiotic relationship, and seeking business alternatives.

Jan 15, 2012

Selig confident Dodgers will be sold by April 30

LOS ANGELES (Reuters) – Major League Baseball (MLB) Commissioner Bud Selig said Saturday he was counting on the bankrupt Los Angeles Dodgers to be sold by April 30.

Terms of the settlement between MLB and team owner Frank McCourt filed last month stated that McCourt must sell the Dodgers and the stadium within that time frame.

Jan 15, 2012

Baseball-Selig confident Dodgers will be sold by April 30

LOS ANGELES, Jan 14 (Reuters) – Major League Baseball
(MLB) Commissioner Bud Selig said on Saturday he was counting on
the bankrupt Los Angeles Dodgers to be sold by April 30.

Terms of the settlement between MLB and team owner Frank
McCourt filed last month stated that McCourt must sell the
Dodgers and the stadium within that time frame.

Jan 12, 2012

Troubled Kodak faces UK pension woes

By Caroline Humer and Sue Zeidler

(Reuters) – Eastman Kodak (EK.N: Quote, Profile, Research), an American icon that is struggling to survive, could find that one of its costliest problems hails from overseas.

The bill is coming due for years of generous pensions and other benefits that the photography company promised employees, especially in the UK where it has manufacturing operations dating to the 1800s and still supports thousands of retirees.

Jan 11, 2012

Analysis: Troubled Kodak faces UK pension woes

By Caroline Humer and Sue Zeidler

(Reuters) – Eastman Kodak (EK.N: Quote, Profile, Research, Stock Buzz), an American icon that is struggling to survive, could find that one of its costliest problems hails from overseas.

The bill is coming due for years of generous pensions and other benefits that the photography company promised employees, especially in the UK where it has manufacturing operations dating to the 1800s and still supports thousands of retirees.

Jan 4, 2012

Torre, Caruso join to bid for Dodgers

By Steve Ginsburg and Sue Zeidler

(Reuters) – Baseball veteran Joe Torre is partnering with Los Angeles developer Rick Caruso to bid for the bankrupt Los Angeles Dodgers.

The two join a long list of prospective bidders lining up for the storied baseball franchise. The Dodgers filed for bankruptcy in June after the Major League Baseball commissioner, Bud Selig, rejected a proposed renewal of the team’s broadcast rights with News Corp’s Fox Sports.

Dec 8, 2011

Fox, Dodgers clash in court spat over media rights

/LOS ANGELES (Reuters) – Prospective bidders are piling up for the Los Angeles Dodgers, but Fox Sports argued on Wednesday that the bankrupt team’s owner Frank McCourt is improperly breaking its broadcasting contract in his effort to sell the team.

Terms of a November 2 agreement between the Dodgers and Major League Baseball were sketched out in a court filing on Tuesday, effectively starting the auction for the team and stadium.

Dec 7, 2011

MF Global trustee must prove “disinterestedness”

By Sue Zeidler

(Reuters) – Bankruptcy Judge Martin Glenn said he needs more information from James Giddens, the trustee winding down bankrupt brokerage MF Global (MFGLQ.PK: Quote, Profile, Research, Stock Buzz), to determine if Giddens has a conflict of interest in the case.

Giddens has been accused by some customers of having a conflict because of past work done for JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz), a key lender to MF Global.

Dec 2, 2011

Judge dismisses non-U.S. claims against Toyota

LOS ANGELES (Reuters) – Toyota Motor Corp has won the dismissal of a U.S. lawsuit brought by vehicle owners in 14 other countries who said their Toyotas lost value because of the Japanese automaker’s mishandling of alleged unintended acceleration problems.

U.S. District Judge James Selna said the plaintiffs could not bring their claims in a U.S. court, saying they “have not shown that their alleged economic loss is fairly traceable to Toyota Motor Corp’s U.S.-based marketing actions.”

Nov 12, 2011

LA Dodgers seek early auction of media rights

Nov 12 (Reuters) – The bankrupt Los Angeles Dodgers have
sought court permission to auction the team’s lucrative media
rights earlier than scheduled to bolster the sale of the team
under a recent settlement with Major League Baseball, according
to court documents filed on Saturday.

MLB previously opposed Dodgers owner Frank McCourt’s effort
to solicit bids for future media rights, valued at about $3
billion, which sparked a lawsuit against the team by News
Corp’s Fox subsidiary.

    • About Susan

      "I cover the media sector, focusing mainly on Walt Disney Co and other big entertainment firms and the digital evolution that is currently reshaping that industry. Prior to this assignment, I covered the music industry, energy markets, commodity markets and corporate bonds. Before moving to Los Angeles in 1995, I held positions in the New York bureau and in Pittsburgh, PA."
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