Oct 14 2010

Thwarted Ambitions for a Financial Tycoon

Jin Lee/Bloomberg NewsSteven Rattner, who agreed to settle a kickback case with the Securities and Exchange Commission. By MICHAEL J. de la MERCED On Tuesday night, Steven L. Rattner was surrounded by an assemblage of stars from the financial and media worlds at the Four Seasons restaurant in Manhattan. Chief executives and powerful politicians had [...]


Jul 23 2010

U.K. Media Tycoon Said Close to Deal for Channel 5

Richard Desmond, the British newspaper baron, has shaken hands early Friday morning on a £100 million ($154 million) deal to buy struggling U.K. national broadcaster, Channel Five, from owner RTL, The Guardian reported. The deal still has to be formally accepted by the board of RTL’s parent company, Bertelsmann. However, The Guardian said the deal [...]