Gersh is also expected to join the board of directors in the “near future”. In addition to Gersh’s hire, Blackstone Advisory Partners have been retained to “review and respond” to companies interested in investing and/or partnering with MSLO, as well as “exploring other opportunities”, according to a company release. Of this decision, Martha Stewart says, “As the founder and largest stockholder, I fully support this initiative to take our business and iconic brand to the next level.” In 2009, Wenda Harris Millard stepped down from her role as co-CEO, where she worked in tandem with Robin Marino. Until Gersh, there was no replacement named. Lisa Gersh has been tapped as president and chief operating officer of Martha Stewart Living Omnimedia (MSLO), effective June 6.Gersh will report to Charles Koppelman, executive chairman and principal executive officer, and will be in charge of day-to-day business operations. A succession plan has also been put in place, with Gersh being integrated into the company and set to become CEO within 12-20 months of her hire. MSLO also announced today that Martha Stewart herself is slated to rejoin the board of directors in the third quarter of 2011. After being convicted in 2004 and a settlement of charges with the Securities and Exchange Commission in 2006, Stewart was barred from being a director or officer in the public company for five years. In other MSLO news, Patsy Pollack has been named senior executive vice president, in charge of lead merchandising business, succeeding Marino. Pollack has been with the company since 2008; before this, she was CEO of Donna Karan Home. In the first quarter of 2011, MSLO publishing revenue was up to $34.66 million from $31.36 in the first quarter of 2010. However, broadcasting fell for to $7.76 million in first quarter 2011 from $12.09 million in first quarter 2010.Update – On May 25, the day Gersh’s hire was announced, MSLO stock was up by 90 cents (+23 percent) to $4.67 per share. Currently, MSLO stock is down 1.5 percent, at $4.60 per share.
Sci-Tech Share your voice 59 Photos An artist’s rendering of Simbakubwa kutoaafrika, which lived 22 million years ago and had a huge skull, as large as a rhinoceros. Mauricio Anton Matthew Borths discovered a giant prehistoric lion on his lunch break.While examining drawers at the Nairobi National Museum in Kenya, Borths, a carnivore paleontologist, opened a drawer of Ice Age specimens and noticed a row of huge teeth staring back at him. He immediately realized the gigantic jaw was not an Ice Age specimen at all. A few years earlier, Nancy Stevens, a paleontologist at Ohio University, had opened the same drawer and noticed the same set of teeth.The fossils, which date back 22 million years, were originally unearthed when Kenyan researchers were scouring the African plains looking for ancient ape bones decades ago. They’d been hidden away in the wrong museum drawer for years. When Borth and Stevens came along, the duo quickly realized they had found a new species of prehistoric lion. The team were able to examine portions of the creature’s skull, its jaw and parts of its skeleton and discovered it is the oldest specimen of a group of mammals known as hyaenodonts.The new carnivore has been dubbed Simbakubwa kutoaafrika, which is Swahili for “big lion from Africa”. It is described in a study published in the Journal of Vertebrate Paleontology on April 18, which suggests the beast was bigger than a polar bear and had canine teeth as big as an adult foot.Dr. Matthew Borths shows off the giant jaw of Simbakubwa kutoaafrika. Matthew Borths The researchers believe that Simbakubwa was one of the apex predators of its era and although it is part of the hyaenodont group, it is unrelated to modern-day hyenas. “From its teeth, we can tell Simbakubwa was a hypercarnivore, which means its diet was over 70% meat,” says Borths. “Simbakubwa barely has any grinding surfaces on its teeth, so it wouldn’t have processed food that wasn’t meat very efficiently.”Their analysis suggests that these giant carnivores originated in Africa around 30 million years ago, moving further north over time, as the continents of Africa and Eurasia collided. At the same time, the ancient relatives of modern day cats, hyenas and dogs began to filter south.”It’s a fascinating time in biological history,” Borths says. “Lineages that had never encountered each other begin to appear together in the fossil record.”But Simbakubwa ultimately went extinct around 10 million years ago as global ecosystems shifted thanks to tectonic movement and changing climates. Borths and Stevens have been investigating why that might be, hoping to better inform present-day studies of how ecosystems respond to these sweeping changes.”Understanding large-scale patterns of how organisms respond to environmental change through time can offer insights into ecosystem fragility and resilience in the modern world,” explains Stevens.And to think, it would have remained off the fossil record entirely, if not for a Kenyan museum storing away the sample and some inquisitive paleontologists checking a few extra drawers.”Discoveries like this one underscore the importance of museums as troves of information about our planet’s past,” says Stevens. Tags Take a bite out of ‘Jurassic World’ Lego (pictures) 1 Comment
Former BCCI president Shashank Manohar, Indian Premier League (IPL) chairman Rajiv Shukla and current BCCI president Anurag Thakur during a press conference in New DelhiIANSWhich of the companies will bag the Indian Premier League (IPL) media rights for the 2018 edition of the cricket league? That remains the major question as of now. According to the Board of Control for Cricket in India (BCCI), as many as 18 companies have bought the ITT (Invitation To Tender) document made available for purchase by the cricket board from September 19 to October 18.The deadline for the submission of the bids is October 25.Facebook, Twitter, Reliance Jio, Sony Pictures Network India and Star India are some of the major companies who have picked up the tender document. While the broadcast rights for the Indian subcontinent is for 10 seasons (from 2018 to 2027), the IPL digital rights are valid for five seasons (from 2018 to 2022). The international media rights too are valid for five seasons.”This is going to be a historical moment for Indian cricket. I am pleased to see the overwhelming response from the media and technology companies for IPL Media Rights,” said BCCI president Anurag Thakur in a statement. “With the global trends of showcasing content on multiple platforms becoming increasingly important – TV, Internet and Mobile rights are up for grabs together this time.”To have as many as 18 prospective bidders in the fray reinstates the faith of market forces in Indian Premier League.”According to various reports, the two frontrunners to bag the IPL broadcast rights are Star India and Sony Pictures Network India (SPNI). It could also turn out that the one of these two major companies could pick up all the three media rights as the BCCI, according to sources, is willing to accept a “consolidated bid” from the TV broadcasters, where they need to put forward a one-bid figure for all three rights packages.Full list of companies who have bought the tender documentStar India Pvt. Ltd.Amazon Seller Services Pvt. Ltd.Followon Interactive Media Pvt. Ltd.Taj TV India Pvt. Ltd.Sony Pictures Networks Pvt. Ltd.Times Internet Ltd.Supersport International (Pty) Ltd.Reliance Jio Digital Services Pvt. Ltd.Gulf DTH FZ LLCGroupM Media India Pvt. Ltd.beIN IP Ltd.Econet Media Ltd.SKY UK Ltd.ESPN Digital Media (India) Pvt. LtdBTG Legal ServicesBT PLCTwitter Inc.Facebook Inc.
IndiGoIndia’s low-cost carrier, IndiGo is considering investing in Jet Airways if it fails to acquire a stake in Air India. With this move, the carrier aims to expand its international footprint, Mint reported.InterGlobe Aviation– the parent company of IndiGo– run by aviation entrepreneurs Rahul Bhatia and Rakesh Gangwal, was the first to show interest in Air India on the same day the government decided to sell a stake.IndiGo has a great chance to crack the Air India deal with new foreign direct investment (FDI) policy on aviation in sector in place. The new FDI policy says that rule allowing foreign airlines to invest up to 49 percent in an Indian airline does not apply to Air India, which rules out all the possibilities of a foreign airline buying into India’s national carrier, the business daily reported.A senior official, who was briefed on IndiGo’s strategy, told Mint that the airline will take the organic route if it can’t acquire a stake. But the process would be slower, he added.Currently, the foreign airlines fly about 65 percent of international passengers in and out of India. The rest is mostly carried by the state-owned Air India and Jet Airways.Given the circumstances, IndiGo would go all out to get Air India’s international business as the state-owned carrier has international flying rights and slots, the official said.Another alternative could be Jet Airways. IndiGo “sees an opportunity there” in a year, he said. Earlier in 2013, Jet sold 24 percent stake to Etihad.In case, neither of the options work out, IndiGo would like to start international operation on its own by buying bigger planes from Airbus or Boeing. But that will be a “very slow process” and it will be the last resort for the airline, he said.With a fleet of 139 planes, IndiGo is currently the largest domestic airline in India. To build managerial bandwidth IndiGo has roped in several experts from the US and other markets in departments such as finance, commercial, airports and flight operations.
People vote behind booths at a polling station in Bangkok on 2 February 2014. — Photo: ReutersThailand will hold a much-delayed general election on 24 February 2019, the election commission said on Tuesday, after the junta lifted a ban on political activity it imposed after taking power in a coup in 2014.The junta imposed the strict ban on political activity citing the need for order after months of street protests against the democratically elected government of former prime minister Yingluck Shinawatra.The election, which many hope will restore democracy in Southeast Asia’s second-biggest economy, will likely pit the populist political movement backed by former prime minister Thaksin Shinawatra and supported by many in rural areas against the military and royalist establishment.The Bangkok-based establishment seized power in successive coups in 2006 and 2014 and now has its own proxy political parties.The junta began easing the ban in September, when it allowed political parties to resume organising ahead of an election expected in February.It still retains sweeping powers to maintain law and order despite lifting the ban, including conducting searches, freezing assets, and making arrests.The election commission confirmed the Feb. 24 election date on Tuesday, just before a statement announcing the ban on political activity had been lifted was published in the Royal Gazette.“The people and political parties will be able to take part in political activities during this period leading up to the election in accordance with the constitution,” the statement said..Thailand last held a successful election in 2011 but the election commission said it was ready to go ahead with the 24 February poll.“The lifting of the ban means political activities can resume, including political campaigning, but this has to be done under the law,” deputy election commission secretary-general Sawang Boonmee told Reuters.