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Byline: -- Staff and Wire Services

Video-game show to be scaled back

The video-game industry's largest annual trade show, the Electronic Entertainment Expo, will be scaled down dramatically next year amid industry desires for a more intimate setting, organizers said Monday.

``This is not a wake or a funeral. It's about changing E3 to meet the modern needs of the industry,'' said Douglas Lowenstein, president of the Entertainment Software Association, the trade group that operates the show.

The glitzy glitz   Informal
n.
Ostentatious showiness; flashiness: "a garish barrage of show-biz glitz" Peter G. Davis.

tr.v.
 three-day extravaganza in May drew about 60,000 attendees and 400 exhibitors spread across 550,000 square feet of exhibit space at the Los Angeles Convention Center The Los Angeles Convention Center (abbreviated LACC) is a convention center in downtown Los Angeles. The LACC hosts annual events such as the Greater Los Angeles Auto Show, and was best known to video games fans as host to E3 until its cessation in 2006. . It was almost double the size of the inaugural show 12 years ago and had evolved -- as have some other large trade shows -- into more of a spectacle than an event conducive for deal-making and meetings.

After years of consideration, the trade group's 16-member board of directors unanimously approved the overhaul last week, Lowenstein said. Board members include representatives from the biggest players in the industry: Sony Corp., Nintendo Co., Electronic Arts Inc., Microsoft Corp. and THQ THQ Toy Headquarters
THQ Territorial Headquarters
THQ Tehsil Headquarters (Pakistan)
THQ The Holy Quran
THQ Theater Headquarters
 Inc.

Details are still being worked out, but some of the known changes are moving the event from the Convention Center to a smaller venue, possibly a hotel; pushing the date to early July; and making the industry event invitation only.

Sale of Adelphia is now completed

PHILADELPHIA -- Comcast Corp. and Time Warner Inc. said Monday that they have completed their purchase of the assets of Adelphia Communications Corp., a transaction that transfers nearly 5 million subscribers to the nation's top two cable TV operators.

The $17 billion deal ends Adelphia's cable operations, once the fifth-largest in the country.

Adelphia said its nearly 13,000 employees will be transferring to Philadelphia-based Comcast and Time Warner Cable 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. , the cable subsidiary of Time Warner Inc. in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
.

Comcast and Time Warner will also swap cable systems to consolidate their market positions.

Chrysler discount plan to continue

DETROIT -- DaimlerChrysler AG's Chrysler Group is extending its employee-discount program on most 2006 models beyond Monday, when the promotion was to have expired.

The program likely will remain in effect until Sept. 5 -- the day after Labor Day Labor Day, holiday celebrated in the United States and Canada on the first Monday in September to honor the laborer. It was inaugurated by the Knights of Labor in 1882 and made a national holiday by the U.S. Congress in 1894.  -- a Chrysler official said Monday. The official requested anonymity because the extension will not be officially announced until today, when the automaker releases July sales figures sales figures nplcifras fpl de ventas .

Besides giving employee prices to everyone, Chrysler has been offering buyers the choice of zero-percent financing for 36 months or rebates that vary by model. The extended program will include some minor changes to the amount of rebates offered with each model, the official said.

Avon's Q2 profits see drop of 54%

NEW YORK -- Avon Products Avon Products, Inc. NYSE: AVP is a US cosmetics, perfume and toy seller with markets in over 135 countries across the world and sales of $8.1 billion worldwide as of 2005.  Inc., the world's biggest direct seller of beauty products, said Monday that its second-quarter profit dropped 54 percent, mostly due to charges from a restructuring program aimed at reviving lackluster sales.

The results came in below Wall Street estimates, sending shares down 12 percent on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
.

Investors appeared to ignore Avon's announcement, made separately Monday, that it was teaming up with New York Yankees Editing of this page by unregistered or newly registered users is currently disabled due to vandalism.  shortstop Derek Jeter to create a signature men's fragrance called Driven.

The fragrance -- the first in a series of men's grooming products bearing Jeter's name -- will be in stores this November, in the States, Puerto Rico and Canada.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Date:Aug 1, 2006
Words:553
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