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Two major media IPOs uncertain.
Byline: Padraic Cassidy
A shakeup at the top at German media group Bertelsmann AG and the suspension of talks to carve out a piece of AT&T Corp.'s stake in Time Warner Entertainment have combined to stall temporarily discussions of two potentially lucrative media-related initial public offerings.
On Tuesday, July 30, AOL Time Warner Inc. and AT&T agreed to suspend temporarily their move toward an initial public offering of Time Warner Entertainment, their jointly held venture. In a statement, AT&T and AOL Time Warner said that they were stopping the registration rights process for Time Warner to pursue discussions about an alternative transaction with …
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