Word: springers
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Breaking the mold of Jerry Springer-like talk shows, “Talk or Walk” balances its drama with conflict resolution. A couple comes to the show after encountering an impasse in their relationship. After the audience offers advice to the couple, they vote on whether the aggrieved member of the relationship should Talk or Walk. Last week, Katie brought her “zombie-vampire-gothic” boyfriend Jeff onto the show with an ultimatum: kinkify their sex life—or else. Jeff, who prefers “old-school missionary position...
...eponymous media empire, which is carrying up to $5 billion in bank debt and faces at least $2.1 billion in additional financial obligations. Kirch?s investors and creditors are becoming twitchy, jockeying for position to salvage any slices from what may be a crumbling pie. Last week, Axel Springer, a German publishing concern, exercised a "put" option that required Kirch to purchase $662 million-worth of shares. Later this year, British TV station BSkyB, which has a $1.5 billion "put" option, may follow suit...
Last week Axel Springer said it would exercise its $662 million "put" option to sell to Kirch an 11.5% stake in broadcaster ProSiebenSat.1 Media. (A "put" option is a risk-averse instrument that gives the holder the right to sell an asset at a predetermined price.) It demanded that the payment be settled by April. Kirch challenged the move?s legality, since the deal?s structure was reportedly left open to accommodate changes in German tax law. But as with so many of Kirch?s corporate dealings, there are subplots within subplots...
...Kirch empire?s main arms, KirchMedia already holds a 53.5% stake in ProSiebenSat.1, and is expected to merge with that company should a planned stockmarket float go ahead later this year. But another subgroup, KirchBeteiligungs, holds a 40% interest in Axel Springer. Why would Kirch permit a company in which it has such a sizable stake to cause it so much potential inconvenience? One theory is that the Springer family wants to reacquire shares in their company that Kirch bought in the late 1980s during a failed takeover attempt, and are exercising the "put" option as an arm-twisting tactic...
Kuusisto is no stranger to stepping up in place of an injured teammate. As a freshman during the 1999 national championship season, Kuusisto started 11 games in place of Crystal Springer ’00 and won them all, including a 7-6 overtime win over Northeastern in the Beanpot semifinals, and a 6-5 overtime win over New Hampshire in the national championship game...