Lionsgate Signs Distribution Deal With Narnack Records and Mayor Diaz Joins CBS Corporation President and CEO Leslie Moonves and EcoMedia to Announce Nationwide Partnership to 'Green' Cities Across America

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City of Industry, CA --(www.USEquityNews.com)-- 06/19/2008 - Broadcasting industry alert provided by U.S. Equity News. LIONSGATE(R) (NYSE: LGF) continues to expand and diversify its musical repertoire, adding Grammy(R) winner Lee "Scratch" Perry to its roster in a distribution deal with independent record label Narnack Records, it was announced recently by Lionsgate Music President Jay Faires. The deal launches with Perry's upcoming album REPENTANCE, which is co-produced by Andrew W.K. and features such guest artists as Moby, Don Fleming, Chris Stein of Blondie, Brian Chippendale of Lightning Bolt and several other notable acts.


DreamWorks (NYSE: DWA) SKG is in talks with investors to split from Viacom Inc. and become an independent studio again, it was reported Wednesday. A major entertainment company in India is among the potential investors in DreamWorks, the movie studio founded in 1994 by Steven Spielberg, David Geffen and Jeffrey Katzenberg, the Los Angeles Times reported. However, no deal was imminent, the Times said, citing an unnamed person familiar with the situation who was not authorized to talk publicly and spoke on condition of anonymity.

City of Miami Mayor Manny Diaz, joined by Leslie Moonves, President and CEO of CBS Corporation (NYSE: CBS), Paul Polizzotto, Founder and CEO of EcoMedia and City of Chicago Mayor Richard Daley will hold a press conference to announce a nationwide public-private partnership as part of the new environmental initiatives at the 76th Annual Conference of Mayors in Miami.

247MGI, Inc. (OTC: TOFS) ("247MGI") is pleased to announce that a substantial shareholder of the Company has agreed to send back to the Company 40 million shares of common stock to be canceled for Preferred shares in the Company. 247MGI has been working on this transaction for awhile and expects the certificates back in its possession within the next couple of weeks. When the 340 million share of common stock are canceled the number of outstanding shares will be 59 million, a big enough reduction for the Company to move forward with its planned reduction of the Authorized shares to 90 million. 247MGI is placing a Paypal link on its website to raise money to send calling cards to our troops. Please donate whatever you can so our men and women of the military can do what we do everyday, call home!

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