– DirecTV Group Inc.
‘s Latin America unit will eliminate 100 jobs at its Miami Lakes, Fla., facility as it consolidates operations of its two U.S. broadcast centers to cut costs and improve efficiency.. Several functions of the Miami Lakes center, which is expected to close in the second quarter of next year, will move to its broadcast center in Long Beach, creating 30 new positions there. Employees at the Miami Lakes facility will be offered a retention and severance package, El Segundo-based DirecTV said in a statement.
–
Egami Media Inc., the digital rights subsidiary of Chatsworth-based
Image Entertainment Inc.
, signed an agreement with OverDrive Inc. to digitally distribute programming via a video-on-demand system to public libraries nationwide. Cleveland, Ohio-based OverDrive supplies downloadable audiobooks and ebooks to more than 1,500 public and school libraries in the U.S. and abroad. Egami Media owns a digital library of programming containing more than 1,200 individual video programs.
– Yeahronimo Media Ventures Inc.
announced that its shareholders authorized and approved an amendment to change its name to Commodore International Corp. The change became effective Oct. 6. The L.A.-based media content and service provider changed its stock trading symbol to CDRL from YNMO on Monday. Yeahronimo acquired Commodore International B.V. from Tulip Computers earlier in the year. The new company sells a line of digital media player products under the Commodore brand name. Commodore International also said that it has signed a binding letter of intent for the acquisition of Lyzia BV, a download services firm. The acquisition will be paid partly in cash and partly in shares, Commodore said in a statement. Both companies expect to reach a final agreement within a few weeks. All Lyzia employees will be integrated into Commodore’s organization in The Netherlands to develop content downloads such as music, ringtones, games and video.
– CKE Restaurants Inc.
adopted a stockholder rights plan with a trigger of 15 percent to guard against potential “abusive takeover tactics.” The Carpenteria-based owner of Carl’s Jr. and Hardee’s restaurants said it was giving shareholders the option to purchase shares of a newly authorized series of preferred stock in the event that a tender offer for at least 15 percent of CKE’s common stock is made. The company said the plan wasn’t in response to any specific proposal, but would instead maximize shareholder value if an unsolicited acquisition were to occur.
