Ailing Gallic media giant Vivendi Universal will take a charge of at least $4.85 billion -- and possibly significantly more than that -- to write down the value of assets including USA Network…
Jean Marie Messier isn't going quietly. France's Le Parisien reports that the ousted Vivendi Universal chief, on a Mediterranean holiday, is penning his latest memoirs. The provisional title: "How I…
Vivendi Environment, the once-profitable French water and sewage giant, is seeking to protect itself from parent company Vivendi Universal's uncertain financial future.
The Vivendi Universal fire sale has begun. Viv U Publishing sold its remaining 25% stake in its professional press unit Wednesday to Aprovia, a Paris-based entity of three investment funds, Cinven…
One thousand Gallic investors filed a class-action civil lawsuit Monday against the directors of Vivendi Universal for "fakery" and the "distribution of fictitious dividends."
A French consulting firm, hired in February by then-CEO Jean-Marie Messier, has advised Vivendi Universal to chop 130 corporate jobs in New York -- about half the staff -- as debt-heavy conglom looks…
Vivendi Universal will disclose its second quarter and first half 2002 results on Aug. 14 rather than July 26, due to an audit of the faltering media giant, the conglom said Wednesday.
The post-Messier Vivendi Universal looks like it will have a decidedly French accent, starting with its troubled pay TV business Canal Plus.
Vivendi Universal's new chairman-CEO Jean-Rene Fourtou wants to unload a handful of Canal Plus assets but hang on to its valuable TV channels and, perhaps, to StudioCanal. Canal Plus' 40% stake in…
The story seems oddly familiar: Foreign-born media baron with voracious appetite for buying companies is driven by a single-minded vision of a seamless global empire of production and distribution…
Vivendi Universal chief financial officer Guillaume Hannezo was ousted Wednesday and will be replaced by Jacques Espinasse, chief operating officer of Canal Plus' smaller paybox competitor, TPS.