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Matsushita Electric becomes Panasonic, like, for real

by Darren Murph posted Oct 2nd 2008 at 10:35AM

We've been hearing that Matsushita was jonesing to become Panasonic for months now, but at long last, the company (companies?) has finally pulled the trigger. As of October 2008, Matsushita Electric Industrial Company has become Panasonic Corporation, and its stock ticker symbol on the NYSE has been changed from MC to PC. Additionally, Panny is working on "brand changeover from National to Panasonic within Japan," which probably won't be completed until March of 2010. So yeah, Matsushita's logo actually isn't going anywhere just yet, but we appreciate the effort, guys.

EchoStar names distribution date for separation of businesses

by Darren Murph posted Dec 30th 2007 at 3:28AM


We already knew EchoStar would be going by the entirely more tongue-friendly DISH, but now it has doled out details concerning the actual separation of its businesses. As of 12:01 MST on January 1, 2008, EchoStar will officially retain its pay-TV business while "DISH Network and EchoStar Holding Corporation will hold the technology and certain infrastructure assets of EchoStar Communications Corporation, including its set-top box business and certain satellite assets." After the separation is completed, the actual name change will be green-lit, too. For more on how this affects shareholders, be sure to hit the read link, and be on the lookout for a final information statement early in the new year that lays out more minutiae than you could ever want.

Liberty Media exchanges shares of News Corp. for DirecTV

by Darren Murph posted Dec 27th 2006 at 3:55PM

While DirecTV tends to garner a lot of negative attention, all the fuss apparently doesn't bother Liberty Media's CEO John Malone, as the firm has recently signed a deal to swap its 16.3-percent stake in News Corp. for "shares of DirecTV, three regional sports networks and $550 million in cash." Liberty, who already controls several other TV networks such as Starz, is hoping to jump back to the forefront of television by assuming News Corp.'s three seats on DirecTV's board of directors. Interestingly, Malone stated that the new investment would "create financial, operating, and strategic flexibility," which could eventually freshen up the previously stale merger talks between DirecTV and Echostar -- but considering Liberty Media still won't have a controlling stake in the company, we're not holding our collective breath.




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