NationStates Jolt Archive


Haven Broadcasting Corp Media Group Established

Hamptonshire
12-08-2007, 04:40
From HBC Online Edition
HBC.hts

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It was announced today by HBC Media Group Chairman Halldor Skovgaard
that the corporation had acquired and merged with the largest broadcast
and communications businesses in The Candrian Empire, Izistan,
Jaredcohenia, Juumanistra, The Silver Sky and smaller outfits
throughout Haven.

HBC to Evolve
Haven-wide media group to be established

The Hamptonian Broadcasting Corporation Media Group, long the preeminent entertainment and news outlet in the United Realms and Willink, is to go through a transformation this Tuesday to become the new Haven Broadcasting Corporation. The new corporate enterprise will employ several million full time personnel and will offer viewers nearly ten thousand channels of entertainment and news programs. Halldor Skovgaard confirmed today that HBC Media Group finished its acquisition of Aranti Media, the Izistan National Broadcasting Service, East Haven Broadcasting Corporation of Jaredcohenia, Nexian Broadcasting Company, Silver Sky News Network, Torch News Media, Venture Communications, and the West Brighton Mail and Telegraph Company.

Mr. Skovgaard will continue to serve as the CEO and Chairman of the new HBC Media Group. To facilitate the transition and to ensure that regional concerns and interests are served by each national division, the HBC will be divided into several zones each with its own President and Oversight Council. The reformed Board of Directors will include representatives from each component subsidiary of the HBC in addition to representatives from major shareholders. The company plans to move its main corporate headquarters from the city of Seaburg in Hamptonshire Proper to the much more centrally located Weslyn in the Hamptonian Dominion of Oltremare. Operations within Hamptonshire will continue to be run out of Seaburg and HBC broadcasts within the United Realms will still run under the Hamptonian Broadcasting Corporation banner.

The current HBC will bring to the new international media group established operations and stations in dozens of regions and hundreds of nations across the world. "The formation of the new HBC is a crucial development in the project to unite people together," says Mr. Skovgaard, "the collective talents and resources of the new company will allow us to tell people's stories with their own voices. No matter where something happens, we will be able to get out the cold hard truth because our reporters are part of every community."

The new corporation will represent much more than a news and entertainment force, with interests in film production, newspapers, magazines, sports, theme parks and VOIP systems. HBC Media Group will quickly become one of the largest, if not the largest, entertainment, news and communications companies within Haven. Sources close to the Board of Directors say the company is gearing up for another round of mergers and acquisitions with WTI-backed financing. The mega-conglomerate currently owns forty-nine percent of HBC but plans by the end of the year to reduce its holdings to no more than forty percent of voting stock.

It is unknown what future programming will be present in national-level and HBC-wide stations but Mr. Skovgaard already revealed that the majority of all programming will be available without subscription. "The new HBC will provide content from every corner of every land that it operates in to as many people as want to watch it." Skovgaard told reporters, "Of course certain services will be based on paid subscription fees, but advertising and sponsorship will ensure that if the world want to watch us, it can."

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