BNN Corp. announces major news.NEW YORK--(BUSINESS WIRE)--April 9, 1997--Kaleidoscope Media Group (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on BB:BNND). Henry Siegel, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of KMG, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of BNN Corp. in a statement delivered Tuesday before the New York State Society of Security Analysis monthly meeting announced the company's agreement in principle with the Interpublic Group of Companies This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Inc. wherein KMG and IPG IPG Implantable pulse generator, see there will form a new venture. KMG will own a 49% interest in the Kaleidoscope Sports and Entertainment venture and IPG own the remaining 51%. The new venture will acquire and operate all the sports, entertainment, event/presence marketing, consulting and production business of the Kaleidoscope Entertainment and People & Properties divisions of KMG. Company anticipates that IPG will make a more formal announcement later Wednesday. The transaction is subject to execution of formal agreements. Kaleidoscope Media Group is a vertically integrated sports and entertainment company, with offices in New York and Los Angeles. KMG operating companies are People & Properties (sports), SeaGull Entertainment, Celebrity Showcase (direct marketing) and Kaleidoscope Entertainment. Current KMG properties include: golf, tennis, boxing and football. KMG produces internationally recognized television programs, including "Tarzan" (series), the new "Celebrity Showcase" series, "Team Xtreme" (new series) and "The ESPY Awards." CONTACT: Kaleidoscope Media Group Ray Volte volte n. Sports Variant of volt2. , Chairman, 212/779-6600 |
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