College Football: Let the playoff talk begin for BCS and Time Warner Inc. Reports First-Quarter 2008 Results

City of Industry, CA --(www.USEquityNews.com)-- 04/30/2008 - Media entertainment industry alert provided by U.S. Equity News. After getting the easy stuff out of the way, BCS officials will start tackling he tougher issues on the second of three days of meetings in balmy South Florida. "The idea is that leading up to that third day, the commissioners have had the benefit of meeting with the athletic directors, that the athletic directors have had the opportunity to give their advice and input to the commissioners, and that both groups have heard from both Fox and ABC/ESPN, as well as the four bowls," Atlantic Coast Conference commissioner and BCS coordinator John Swofford told reporters Monday, after the first day of meetings at an ocean-side resort wrapped up. ABC and ESPN are owned by The Walt Disney Co (NYSE: DIS).


Gemstar-TV Guide International, Inc. (NASDAQ: GMST) announced recently that its stockholders have approved the proposed combination of Gemstar-TV Guide and Macrovision Corporation Based on results announced at recently's special meeting of stockholders, more than 90% of Gemstar-TV Guide's outstanding shares on March 17, 2008, the record date for the meeting, were voted in favor of the transaction. The parties currently expect the merger to be effective on May 2, 2008. The results of the proration procedures outlined in the merger agreement and the final joint proxy statement/prospectus mailed to Gemstar-TV Guide's stockholders will be announced when they have been completed.

Time Warner Inc. (NYSE: TWX) recently reported financial results for its first quarter ended March 31, 2008. Chief Executive Officer Jeff Bewkes said: "Our results this quarter, particularly the underlying operating strength at our Cable, Networks and Filmed Entertainment businesses, gave us the confidence to reaffirm our full-year business outlook. We've also made substantial progress on our key structural initiatives. We've decided that a complete structural separation of Time Warner Cable, under the right circumstances, is in the best interests of both companies' shareholders. We're working hard on an agreement with Time Warner Cable, which we expect to finalize soon.

EPIC Corporation (OTC: EPIO) (the "Company"), a multi-media communications and broadcasting company, announced that two shareholders have returned 15 Million shares of EPIC's common stock to the Company and the shares have been cancelled and returned to authorized but unissued shares. The issued and outstanding shares of the Company is now 11,262,023 shares. The Company, in exchange for the cancellation of the shares, agreed to issue the shareholders shares in the newly formed EPIC Communications Corp., a majority owned subsidiary of the Company, which is to become the multi-media communications and broadcasting operating company.

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