ITV is to undergo a restructuring to its broadcast business while also exploring the reduction of its presence in London as the British commercial broadcaster struggles to overcome challenges associated with the COVID-19 pandemic. As part of the new organizational structure, the network is establishing a new Media and Entertainment division that will encompass a…
AECOM has announced the closing of the sale of its Power construction business to affiliates of CriticalPoint Capital, LLC. Terms of the deal were not disclosed. The Los Angeles, California-based infrastructure consulting firm, which this month announced a restructuring plan, earlier this year closed on the $2.4-billion sale of its Maryland-based Management Services businesswhich provides…
Appointments A mid-tier has bolstered its business restructuring team with the hire of a former big four director as it braces for a wave of insolvencies in the coming months. Appointments Jotham Lian 15 October 2020 1 minute read object(stdClass)#15698 (8) { [“image_intro”]=> string(0) “” [“float_intro”]=> string(0) “” [“image_intro_alt”]=> string(0) “” [“image_intro_caption”]=> string(0) “” [“image_fulltext”]=>…
Member Article BUSINESSES struggling to recover in the wake of the COVID-19 pandemic are opting for restructuring rather than redundancy. And a leading Sheffield financial expert is warning that the tough choice will see more companies closing their doors as the furlough scheme comes to an end and they may be facing forced closures and…
Text size Alexander Kirch/Dreamstime Walt Disney announced on Monday that its restructuring its media and entertainment segments to place a greater emphasis on its growing streaming business. The company is in the midst of a transformation from a television and movie theater-driven distribution model to a direct-to-consumer business that would rival Netflix. Disney stock (ticker:…
Disney is restructuring its media and entertainment divisions, as streaming becomes the most important facet of the company’s media business. On Monday, the company revealed that in order to further accelerate its direct-to-consumer strategy, it would be centralizing its media businesses into a single organization that will be responsible for content distribution, ad sales and…
Malaysia Airlines is prepared to shut down if ongoing talks with leasing companies about a restructuring plan fail, The Edge Malaysia cited the national carriers chief executive officer as saying. A sizable number of creditors support the companys plan, some are against it and others are still undecided, airline CEO Izham Ismail told the business…
Malaysia Airlines could be forced to shut down if a restructuring plan fails to gain support, the airline’s boss has said. Group chief executive officer Izham Ismail told Asian business news weekly The Edge that there would be “no choice but to shut it down” if lessors decided not to back the plan. Mr Izham…
Business AT&T Inc’s WarnerMedia is preparing a restructuring that aims to cut costs by as much as 20 per centand would result in layoffs, the Wall Street Journal reported on Thursday (Oct 8), citing people familiar with the matter. FILE PHOTO: A Warner Bros. Entertainment Inc. logo is pictured at one of the studio’s gates…
October 08, 2020 08:05 ET | Source: Corbus Pharmaceuticals Holdings, Inc. Company is restructuring with the goal of extending cash runway to mid-2022 Workforce to be reduced by 54% Company to focus on completing Phase 3 dermatomyositis study and advancing preclinical pipeline into the clinic Norwood, MA, Oct. 08, 2020 (GLOBE NEWSWIRE) — Corbus Pharmaceuticals…