Tag archive: Redstone

Midway Games—the company that served as home to Mortal Combat, Wheelman, Joust, Gauntlet, Spy Hunter, and many other well-known titles—has had more of its assets acquired by Time Warner for $33 million at bankruptcy auction. The sale was approved on July 2, and will become final within ten days. Under the terms of the arrangement, Time Warner gets the majority of Midway's game properties and assets, although there are a… Read More

As YouTube—and its parent company Google— prepare to defend themselves against a $1 billion copyright infringement lawsuit brought against them by media conglomerate Viacom, the popular video sharing Web site has made an interesting move: it has requested testimony from Comedy Central's well-known "fake news" comedians Jon Stewart and Stephen Colbert. Comedy Central is owned by Viacom; the two host The Daily Show… Read More

Such a scenario is bolstered by reports that Redstone, in a filing with the Securities and Exchange Commission today, said he has hired a financial advisor to evaluate options should he increase his interest in the publisher to 80 percent of its common stock from its current 72.4 percent level.” Also, Interplay reopens, Titus declares bankruptcy on GameSpot has more on the ups and downs for Interplay and parent Titus, a pair of… Read More