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WSJ: Carl Icahn Giving Up Battle for Control of Time Warner

Authored by Mark Hefflinger on February 17, 2006 - 7:30am.
Dulles, Va. - Billionaire financier Carl Icahn has ended his battle to gain control of AOL-parent Time Warner, and is now in talks with the media giant about a potential settlement, The Wall Street Journal reported on Friday. Icahn, whose group owns about 6% of Time Warner, had been seeking to gain control of the company's board with the goal of breaking it into four separate companies to increase its value to shareholders. But Icahn, who has been unable to gain much traction with other large shareholders, on Thursday backed down from his original goal by nominating only five candidates for the board, which has 14 seats. "Many shareholders want change on the board, but they feel a full slate would be disruptive," Icahn told the Journal "I agree it's disruptive, which is why we're cutting down the slate."
tags: WSJ | Time Warner | Battle | Control | Carl Icahn |

Justice Department Sides with RIAA in Battle with Verizon

Authored by Mark Hefflinger on April 23, 2003 - 10:22am.
Washington, DC -- The Department of Justice has sided with the Recording Industry Association of America (RIAA) in its dispute with Verizon Communications over whether Verizon must disclose the identity of a customer who is an alleged copyright infringer. In a brief filed in the U.S. District Court in DC, the Justice Department argued that the provisions of the Digital Millennium Copyright Act, which requires Internet service providers to turn over information about subscribers who are alleged to be copyright infringers, does not violate the Constitution. Verizon, however, argues that the law violates consumers' rights to privacy and due process. The district court ruled in favor of the RIAA in January, and Verizon appealed the decision
tags: Verizon | RIAA | Battle | Justice |

Justice Department Sides with RIAA in Battle with Verizon

Authored by Mark Hefflinger on April 21, 2003 - 1:44am.
Washington, D.C. -- The U.S. Department of Justice filed a brief with the U.S. District Court in Washington, D.C. on Friday siding with the Recording Industry of Association of America (RIAA) in its dispute with Verizon Communications Inc. over whether Verizon must disclose the identity of a customer who is an alleged copyright infringer. The Justice Department argues that the provisions of the Digital Millennium Copyright (DMCA) invoked by record labels to require ISPs like Verizon to turn over information about subscribers who are alleged copyright infringers does not violate the U.S. Constitution. Verizon argues that the law violates consumers' rights to privacy and due process. "It is manifest that the DMCA's subpoena provision targets the identity of alleged copyright infringers, not spoken words or conduct commonly associated with expression," the Department of Justice said. The district court ruled in favor of the RIAA in January, and Verizon appealed the decision. "The government's filing today supports the proposition that we have long advocated: copyright owners have a clear and unambiguous entitlement to determine who is infringing their copyrights online and that entitlement is constitutional," said Matt Oppenheimer, Senior Vice President for Business and Legal Affairs at the RIAA.
tags: Verizon | RIAA | Battle | Justice |