Wikinews Shorts: May 21, 2007
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{{Wikinews Shorts header|May 21, 2007}}

===EMI music to merge with Terra Firma===
[[Image:Desk-with-Focal-Length.jpg|right|200px|A Quad 8 console (Credit: Flickr user Tom Harpel)]]
International music company [[w:EMI|EMI]] has agreed to a £3.2 billion ($4.7 billion) (including debt) merger with private equity firm [[w:Terra Firma Capital Partners|Terra Firma Capital Partners Ltd]].

The deal likely ends, [[w:Warner Music Group Group|Warner Music Group Group]]'s, the [[w:World music market|global music market]]'s fourth largest record company, seven years of trying take over EMI, the third largest record company in the world.

"Terra Firma's offer is the most attractive proposal received and delivers cash now, without regulatory uncertainty and with the minimum of operational risk to the company," said EMI Chairman John Gildersleeve.

Terra Firma shareholders have not yet approved of a 265-per-share offer which was recommended by EMI.

'''Sources'''
*{{source|url=http://www.bloomberg.com/apps/news?pid=20601087&sid=a91Ot4XuxeAg&refer=home
|title=Terra Firma Agrees to Buy EMI for 2.4 Billion Pounds (Update4)
|author=Aisha Phoenix
|pub=Bloomberg L.P.
|date=May 21, 2007}}
*{{source|url=http://investing.reuters.co.uk/news/articleinvesting.aspx?type=tnBusinessNews&storyID=2007-05-21T173002Z_01_L21732924_RTRIDST_0_BUSINESS-EMI-TERRAFIRMA-DC.XML&pageNumber=0&imageid=&cap=&sz=13&WTModLoc=InvArt-C1-ArticlePage2
|title=EMI agrees to $4.7 billion Terra Firma offer
|author=Kate Holton and Jeffrey Goldfarb
|pub=Reuters
|date=May 21, 2007}}
*{{source|url=http://news.bbc.co.uk/2/hi/business/6677875.stm
|title=Music giant EMI agrees takeover
|author=
|pub=BBC News Online
|date=May 21, 2007}}
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===Television commercials no longer restricted in Canada===
<!--[[Image:Family Watching TV in the 1950s.jpg|right|200px|Family watching TV in the 1950s]]-->
The [[w:Canadian Radio-television and Telecommunications Commission|Canadian Radio-television and Telecommunications Commission]] (CRTC) has agreed to remove restrictions on television ads in [[Canada]] by September 1, 2009. The current 12 minutes-per-hour restriction on commercial time is to be lifted and the advertising time will be market-driven.

"The commission considers it essential that broadcasters have the flexibility to maximize advertising revenues to respond to the negative impact of audience fragmentation," said a statement.

The CRTC said the ability to have market-driven commercials will help with the increasing amount of competing television networks in Canada, and it will create more revenue.

'''Sources'''
*{{source|url=http://ca.today.reuters.com/news/newsArticle.aspx?type=domesticNews&storyID=2007-05-21T122446Z_01_N16334166_RTRIDST_0_CANADA-CANADA-COL.XML&archived=False
|title=CORRECTED: CRTC to remove caps on amount of TV ads
|author=Etan Vlessing - Hollywood Reporter
|pub=Reuters
|date=May 21, 2007}}
*{{source|url=http://www.canada.com/montrealgazette/news/editorial/story.html?id=0fcf08e7-aea7-4125-bb1a-5759863d4156
|title=CRTC gets it right on one thing at least
|author=Editorial
|pub=Montreal Gazette
|date=May 19, 2007}}
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===MySpace to release names of registered sex offenders===
[[w:MySpace|MySpace]] is set to release names and data about registered sex offenders who use the popular social networking site. The information will be released to all the [[w:State Attorney General|State Attorney General]]s in the [[United States]].

Last week Attorney Generals from eight U.S. states requested the information but MySpace said it would break federal privacy laws.

[[w:Sentinel Tech Holding|Sentinel Tech Holding Corp.]] along with MySpace teamed up to build a database of users who are sex offenders. They created "Sentinel Safe", a program which shows names of the sex offenders and possible information that could help in future investigations.

"This is no different than an offline community," [[w:Mike Angus|Mike Angus]], MySpace's executive vice president said. "We're trying to keep it safe."

According to CNN, MySpace has removed over 7,000 accounts held by sex offenders.

Earlier, the U.S. government threatened to sue or shut down the company if it couldn't provide all the names of the 7,000 or more sex offenders using the site.

'''Sources'''
*{{source|url=http://edition.cnn.com/2007/TECH/internet/05/21/myspace.sex.offenders.ap/
|title=MySpace will turn over names of sex offenders
|author=Associated Press
|pub=CNN
|date=May 21, 2007}}
*{{source|url=http://www.macworld.com/news/2007/05/21/myspace/index.php
|title=MySpace to turn over sex offender data to AGs
|author=Juan Carlos Perez
|pub=Macworld
|date=May 21, 2007}}
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{{publish}}

{{Archived}}
[[Category:Science and technology]]
[[Category:Culture and entertainment]]
[[Category:Economy and business]]
[[Category:Music]]
[[Category:Television]]
[[Category:Media]]
[[Category:Internet]]
[[Category:MySpace]]
[[Category:Europe]]
[[Category:United Kingdom]]
[[Category:England]]
[[Category:North America]]
[[Category:Canada]]
[[Category:United States]]


</noinclude>
The deal likely ends, Warner Music Group Group's, the global music market's fourth largest record company, seven years of trying take over EMI, the third largest record company in the world.

"Terra Firma's offer is the most attractive proposal received and delivers cash now, without regulatory uncertainty and with the minimum of operational risk to the company," said EMI Chairman John Gildersleeve.

Terra Firma shareholders have not yet approved of a 265-per-share offer which was recommended by EMI.

'Sources'
*
*
*
----

"The commission considers it essential that broadcasters have the flexibility to maximize advertising revenues to respond to the negative impact of audience fragmentation," said a statement.

The CRTC said the ability to have market-driven commercials will help with the increasing amount of competing television networks in Canada, and it will create more revenue.

'Sources'
*
*
----

Last week Attorney Generals from eight U.S. states requested the information but MySpace said it would break federal privacy laws.

Sentinel Tech Holding Corp. along with MySpace teamed up to build a database of users who are sex offenders. They created "Sentinel Safe", a program which shows names of the sex offenders and possible information that could help in future investigations.

"This is no different than an offline community," Mike Angus, MySpace's executive vice president said. "We're trying to keep it safe."

According to CNN, MySpace has removed over 7,000 accounts held by sex offenders.

Earlier, the U.S. government threatened to sue or shut down the company if it couldn't provide all the names of the 7,000 or more sex offenders using the site.

'Sources'
*
*
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Science and technology Culture and entertainment Economy and business Music Television Media Internet MySpace Europe United Kingdom England North America Canada United States