Is Time Warner in Merger Talks with the Bronfman Family?
Will Comcast and NBC Universal Cut a Merger Deal Before End of Year?
Back in 1999, Robert W. Matschullat was working for Joseph E. Seagram & Sons, at their lovely Park Avenue, New York offices, with the phone number of(212) 572-7000.
Sometime in 1998, in the summer, Universal Studios threw the Penny King out of their offices in Hollywood for "script peddling".
"They treated me like a criminal, they said I was trying to sell them a script which was against their company policy and they escorted me out of the building after taking about a dozen mug shots of me! I have never been back and now whenever I see a Universal Studios sign on any movie, I turn it off or I don't watch it!"
Robert W. Matschullat, 61, says he is a private equity investor who served from October 1995 until June 2000 as Vice Chairman of the board of directors of The Seagram Company Ltd., a global company with entertainment and beverage operations.
He says he also "served as Chief Financial Officer of Seagram until January 2000. Prior to joining Seagram, Mr. Matschullat was head of worldwide investment banking for Morgan Stanley & Co. incorporated, a securities and investment firm, and was on the Morgan Stanley Group board of directors."
He represents himself as a director of The Clorox Company, where he was Interim Chairman of the Board and Interim Chief Executive Officer from March to October 2006, and a director of Visa Inc.
According to public records found filed at the Securities and Exchange Commission in Washington D.C. dated February 5, 1998, THE SEAGRAM COMPANY LTD once had SOLE VOTING POWER over 11,763,349 SHARES of Time Warner but today it is not known how many shares current Seagram Interests own or control of the U.S. based troubled company.
"The transparency and proper full disclosures have been obfuscated by Offshore Trusts," said the Penny King in an exclusive interview for this story.
The Seagram Company Ltd. is a Canadian corporation while Time Warner Inc., is a Delaware corporation. "They are now under full investigation by the International Bank Activities Reform Commission", said the Penny King!
They are in fact in the same business, Entertainment, but now a large group of journalists are about to break a huge story as a result of the Bronfman family's involvement in monopolistic anti-trust issues related to their part in the collapse of the Mortgage Industry in Southern California, their network of investors involvement in the Hollywood entertainment industry and the potential pending bankruptcy of Universal Studios!
The principal executive offices of Seagram are located at 1430 Peel Street, Montreal, Quebec, Canada! "Many thousands of employees at Universal took out liar loans to buy property in Southern California, causing the super bubble", as George Soros, the Penny King's adopted Uncle, who is now the 15th richest American and the worlds 29th richest human and rising, according to Forbes Magazine, likes to call the collapse of capitalism in America.
Seagram operates in two global segments: beverages and entertainment. The beverage businesses are engaged principally in the production and marketing of distilled spirits, wines, fruit juices, coolers, beers and mixers throughout more than 150 countries and territories.
"Their involvement in Offshore Trusts, Tax-Evasion and Insider Trading has been kept under the radar until now," as the International Bank Activities Reform Commission reveals in a pending report the interconnections between the Bronfman empires and the collapsed banking industry in the United States, said the Penny King, who is not recognized by Forbes as anything more than a gadfly and a Buddha (enlightened) Pest in the cutthroat world of global finance, according to Worth Magazine.
The entertainment company, Universal Studios, Inc., produces and distributes motion picture, television and home video products; produces and distributes recorded music; and operates theme parks and retail stores. Vivendi in its current form came into existence on April 20, 2006 following the sale of an 80% stake in the Vivendi Universal Entertainment unit to General Electric to form NBC Universal (merging GE's NBC unit & Vivendi's Vivendi Universal Entertainment unit) and the gradual recovery of the company from its disastrous over-expansion in the late 1990s and the early 2000s.
Descendants of the late Samuel Bronfman and trusts established for their benefit (collectively, the "Bronfman Family") beneficially own directly or indirectly approximately 35.4% of the outstanding common shares without nominal or par value of Seagram, which is also a publicly traded company.
In terms of who controls Seagrams, Bronfman Associates, a partnership of which Edgar M. Bronfman, his children and a trust established for the benefit of Edgar M. Bronfman and his descendants are the sole partners and of which Edgar M. Bronfman is the managing partner, along with a second trust established for the benefit of Edgar M. Bronfman and his descendants, own directly approximately 17.0% of the Common Shares, trusts for the benefit of Charles R. Bronfman and his descendants own directly approximately 14.8% of the Common Shares, trusts for the benefit of the family of the late Minda de Gunzburg and members of her immediate family own directly or indirectly approximately 1.7% of the Common Shares, Phyllis Lambert owns directly or indirectly approximately 0.29% of the Common Shares, a charitable foundation of which Charles R. Bronfman is among the directors owns approximately 0.94% of the Common Shares, another charitable foundation of which Charles R. Bronfman is among the directors owns approximately 0.17% of the Common Shares, a charitable foundation of which Edgar M. Bronfman and Charles R. Bronfman are among the trustees owns approximately 0.07% of the Common Shares, a charitable foundation of which Phyllis Lambert is one of the directors owns less than 0.01% of the Common Shares, and Edgar M. Bronfman,Charles R. Bronfman and their respective spouses and children own directly approximately 0.02% of the Common Shares.Edgar M. Bronfman is Chairman of the Board of Seagram and a director of Seagram. Charles R. Bronfman is Co-Chairman of the Board and Chairman of the Executive Committee of Seagram and a director of Seagram.Edgar M. Bronfman, Charles R. Bronfman, Phyllis Lambert and the late Minda de Gunzburg are siblings.
Pursuant to a voting trust agreement, Charles R. Bronfman serves as voting trustee for Common Shares beneficially owned directly or indirectly by Bronfman Associates, the aforesaid trusts established for the benefit of Edgar M. Bronfman and his descendants, the aforesaid trusts established for the benefit of Charles R. Bronfman and his descendants, the first two of the four aforesaid charitable foundations and Charles R. Bronfman. Pursuant to another voting trust agreement, Edgar M. Bronfman and Charles R. Bronfman are among the voting trustees for Common Shares beneficially owned directly or indirectly by trusts for the benefit of the family of the late Minda de Gunzburg and members of her immediate family.
The Bronfman Family may be deemed to be in control of Seagram.
Seagram, nor any director or executive officer of Seagram has been convicted in a criminal proceeding a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding has been or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws up until now.
There are rumors that George Soros may have met with the Penny King in Hollywood early last year and there is ample public evidence that the Penny King is now advising Soros to short the successors of Seagram and their related entertainment industry empires as a ten year investigation into southern California's mortgage brings racketeering charges to the surface from new evidence uncovered by the California chapter of the Bank Activities Reform Commission, a muck raking organization founded by undercover investigative journalists who brought down Countrywide, Fannie Mae, Freddie Mac, Washington Mutual, IndyMac and more than a thousand other troubled financial institutions in America still under investigation.
Back in 1999 as reported in numerous Schedule 13D filings with the SEC in the US, Seagram had been evaluating its options with respect to its remaining investment in the Time Warner, one of the largest media conglomerates in the world, including additional sales of all or a portion of its Shares.
On February 5, 1998, Seagram sold 15,000,000 Shares to Goldman,Sachs & Co. for a price of $63.875. Today, Time Warner trades at less than half that price.
As of that date, according to the laws of the United States, Seagram ceased to be the beneficial owner of more than 5% of the total number of outstanding shares and was no longer required to report on Schedule 13D, but did owners of Seagram directly or indirectly engage in insider trading in the stock of Time Warner from Offshore Trusts?
According to "Yinka Adegoke and Andre Grenon, who work for Reuters, "Time Warner Inc (TWX.N) is set to take a restructuring charge of around $100 million for planned job cuts at its Time Inc publishing unit, according to people familiar with matter. Time Warner, which reports third-quarter earnings next Wednesday, will take the charge in the fourth quarter, these people said on Friday. Time Inc will use layoffs to reach its cost-cutting goal, though the number of job cuts is expected to be slightly smaller than the 600 jobs, or 6 percent of staff, that it cut last year. Reuters reported the latest planned round of job cuts last week.Time, publisher of Time magazine, Sports Illustrated and People, is struggling along with other U.S. magazine and newspaper publishers as advertising revenue falls and people turn to free online news and entertainment. Time's business magazine Fortune said last week it would cut the number of issues it publishes each year to 18 from 25. Rival business magazine Forbes is laying off dozens of staff this week and workers at BusinessWeek are preparing for layoff after McGraw-Hill Companies Inc (MHP.N) agreed to sell the magazine to Bloomberg".
According to Daniel R. Paladino, once the Executive Vice President Legal and Environmental for Seagrams,"The trustees of the trusts for the benefit of Edgar M. Bronfman and his descendants are Edgar M. Bronfman, Edgar Bronfman, Jr., Matthew Bronfman, Harold R. Handler, Mayo O. Shattuck III and John L. Weinberg. The trustees of the trusts for the benefit of Charles R. Bronfman and his descendants are Stephen R. Bronfman, Ellen J. Bronfman Hauptman, Trevor Carmichael, Neville Leroy Smith, Bruce I. Judelson, Gary J. Gartner, Steven H. Levin, Arnold M. Ludwick, Jeffrey D. Scheine and Robert S. Vineberg. The trustees of the trusts for the benefit of the family of the late Minda de Gunzburg are Stanley N. Bergman, Dr. Guido Goldman and Leonard M. Nelson. The directors of the first two charitable foundations referenced above include Charles R. Bronfman, Stephen R. Bronfman and Arnold M. Ludwick, the trustees of the third charitable foundation include Edgar M. Bronfman, Charles R. Bronfman, Samuel Bronfman II, Edgar Bronfman, Jr., Robert W. Matschullat and Daniel R. Paladino and the directors of the fourth charitable foundation include Phyllis Lambert, Matthew Bronfman and Stephen R. Bronfman.
According to Reuter's recent reports, "Time Warner's third-quarter net income fell to $661 million, or 55 cents a share, from $1.07 billion, or 89 cents a share, a year before. Adjusted profit was 61 cents a share, compared with the 53 cents analysts had expected, according to Thomson Reuters I/B/E/S."
Recently, The Penny King was rumored to be in the process of offering to buy 8 Southern California Mansions for $550 Million and consolidate 8 Bankrupt Banks in Washington State!
In his "Open Letter to George Soros from the Penny King", he literally tells Soros and his Open Society Institute, "If you support a New Paradigm for Financial Markets, and you truly live up to your word, then transfer the Soros Fund Management team into the Infinite Freedom Foundation, and hold more short positions in GSEs...they will soon become penny stocks as a result of their fraudulent business activities!"
Now we have it on good word that the Penny King is offering to buy Universal Studios in a partnership with George Soros, if he will agree to it, for $5 billion! "That is all we would offer", said the Penny King!
When asked what was the first thing he would do as soon as he gained control of Universal Studios by merging it with Soros Filmed Entertainment Associates, the entity he plans to form with Soros, the Penny King said, "Fire all the securities analysts covering Seagram and Time Warner at Goldman Sachs, and sack the employees who threw me out years ago!"
Supposedly, according to the stock touting and pumping Wall Street Journal and Barrons, "THE ADVERTISING MARKET is on the upswing, and analysts are projecting that it will bring stocks like Time Warner (ticker: TWX) along with it. But at least one company insider has been entertaining the theory that the media conglomerate's stock is ripe for cashing in.
Frank J. Caufield, a director at Time Warner, sold 56,700 shares for $1.6 million, or $27.89 each, on Sept. 9. The sale came on the heels of another on Sept. 2 in which Caufield sold about 33,300 shares for $916,800".
NBC Universal is one of the world's leading media and entertainment companies in the development, production, and marketing of entertainment, news, and information to a global audience. NBC Universal owns and operates a valuable portfolio of news and entertainment networks, a premier motion picture company, significant television production operations, a leading television stations group, and world-renowned theme parks. NBC Universal is 80% owned by General Electric and 20% owned by Vivendi.
According to Wikipedia sources and writers, "In late September 2009, media outlets began reporting that cable giant Comcast was in talks to buy all or part of NBC Universal.
"NBC did not comment on the rumor, while Comcast denied it.[17] However, CNBC itself reported on October 1 that General Electric was considering spinning NBC Universal off into a separate company that would merge with Comcast's content assets, which include E!, Versus and regional properties.
"GE would maintain 49% control of the new company, while Comcast owned 51%.[18][19]
"On November 1st, 2009, The New York Times reported Comcast had moved closer to a deal to purchase NBC Universal and that a formal announcement could be made sometime the following week.
The question most government officials and media people are asking these days is, "where is the Penny King getting all those trillions?"
What they should really be asking, "Is General Electric in deep trouble financially?" Why else would you need to raise $5 billion in a hurry before the end of the year?
Sources and Sponsors:
http://www.secinfo.com/dr8Pp.71z.htm#161
http://findarticles.com/p/articles/mi_m0EIN/is_1999_Nov_1/ai_57045683/
http://www.cwwa.ca/pdf_files/Brita/CWWA%20-%20Clorox%20Company%201.PDF
http://www.marketfolly.com/2009/02/george-soros-hedge-fund-soros-fund.html
http://www.marketfolly.com/2009/05/george-soros-starts-new-position-in.html
http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=george+soros
The Penny King Offers Half a Billion for 8 Mansions in Los Angeles County
Infinite Freedom Foundaton, on behalf of the Penny King, officially the worlds first Quadrillionaire,sent a letter to the real estate firm of Hilton and Hyland in Beverly Hills, offering to make offers on 8 properties listed at or above $35 million.
By Alex S. Gabor | Published 10/29/2009
The Continuing Saga of the Penny King
Gabor Acs has been kind enough to donate all his works, all his offshore illiquid assets, all his writings to the Infinite Freedom Foundation! This in fact is part of his untold and limitless works! Enjoy!
By Alex S. Gabor | Published 10/30/2009
The Penny King Offers Half a Billion for 8 Mansions in Los Angeles County
Infinite Freedom Foundaton, on behalf of the Penny King, officially the worlds first Quadrillionaire,sent a letter to the real estate firm of Hilton and Hyland in Beverly Hills, offering to make offers on 8 properties listed at or above $35 million.
By Alex S. Gabor | Published 10/29/2009
The Battles for the Bankrupt Banks
According to the International Bank Activities Reform Commission, Washington State has at least 12 banks which will disappear from the business landscape during the next twelve months. Here's why!
By Alex S. Gabor | Published 10/28/2009
Who Wants to Be a Trillionaire?
As the world tries to catch up to the irrational insane concept of trillionaires travelling about the world buying up pennies for a dollar each, the world's first Quadrillionaire is eyeballing various industries for investment.
By Alex S. Gabor | Published 10/28/2009
The Penny King is a fictitious character who becomes the world's first trillionaire as documented by his personal scribe, Alex S. Gabor!
By Alex S. Gabor | Published 10/25/2009
The Penny King Offers to Consolidate 8 (Eight) Banking Organizations into One!
While 2 Hawaii banks control 61% of a market in that State, the number of banks in Washington State may be about to be reduced by seven in what will be hailed as the largest single bank merger in WashingtonState History.
By Alex S. Gabor | Published 10/24/2009
Introducing the Latest News from the Free and Clear Press Corps
Excerpts from the $36,000 a Year Subscription Rate Free and Clear Intelligence Review Issue 666 King County Version 2.0
By Alex S. Gabor | Published 10/23/2009
The Penny King's Open Letter to Bill Gates
Originally Written on March 13th, 1998 and personally delivered by the Penny King to the front door of Bill Gate's himself...a must read for all of Bill Gate's fans and employees!
By Alex S. Gabor | Published 10/20/2009
The Penny King's Stock Exchange
By Alex S. Gabor, the Penny King's scribe, describes how daily returns of between 10,000% and 15,000% are possible, but you gotta be quick, according to Due Dillinger, who is following his every move on the internet!
By Alex S. Gabor | Published 10/18/2009
The Silent Rolling Thunder of Banking Failures in America
Alex S. Gabor, an Investigative Reporter for the International Business Community Not Always Under Covers, writes this about the banking sector...
By Alex S. Gabor | Published 10/18/2009
http://www.nbcuni.com/About_NBC_Universal/Company_Overview/
"NBC Universal to sell Burbank, Calif, studio." MarketWatch. Retrieved on August 28, 2009.
http://www.nbcumv.com/release_detail.nbc/corporate--jeffzuckernamedpr.html
NBC and Citadel's Final Try for ION, New York Post,
Universal buys 18 Hallmark channels outside the U.S.', International Herald Tribune, August 28, 2007
http://www.iht.com/articles/2007/08/28/business/nbc.php
Universal to buy The Weather Channel for $3.5B', The Sydney Morning Herald, July 7, 2008
http://news.smh.com.au/technology/nbc-universal-to-buy-the-weather-channel-for-35b-20080707-32qb.html
Conlan, Tara (2008-08-20). "NBC Universal buy Carnival". guardian.co.uk (Guardian News and Media). http://www.guardian.co.uk/media/2008/aug/20/television.usa1. Retrieved 2008-08-20.
"Geneon to Merge with Universal Pictures Japan". Anime News Network. November 12, 2008. http://www.animenewsnetwork.com/news/2008-11-12/geneon-to-merge-with-universal-pictures-japan. Retrieved November 13, 2008.
"Geneon Universal Entertainment Japan Official Website" (in Japanese). http://www.geneonuniversal.jp/. Retrieved 2009-02-22.
NBC Universal, Microsoft in Ad Alliance, MarketWatch, June 18, 2009
Sci Fi Channel Has a New Name - Now, It's Syfy, New York Times, March 16, 2009
Syfy is Not Your Father's Sci-Fi, CNN, July 7, 2009
A&E Acquires Lifetime, Variety.com, August 27, 2009
A&E Networks, Lifetime Merger Completed, Broadcasting & Cable, August 27, 2009
Comcast in Talks to Buy NBC Universal, AJC.com, October 1, 2009
GE is in Talks to Spin Off NBC, Give Comcast 51% of New Unit, CNBC.com, October 1, 2009
GE and Comcast Exploring a Spin-Off of NBC Universal, New York Times, October 1, 2009
"NBC and Fox Jump Through Hulu Hoop".
Published by Gabriel Infinitely Acts
Gabriel Infinitely Acts is a professional writer, casting director, film buff, screenwriter, poet, lyricist, journalist covering many International stories under many differing pen names. This Pen name is th... View profile
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Post a CommentBanks, entertainment and Real Estate, Oh my!