Monday, September 22, 2008
September 21, 2008'John Adams,' the miniseries about the founding father and second president, wins 13 statuettes at the 2008 Primetime Emmy Awards ceremony Sept. 21. The miniseries has been on DVD from HBO Video since June. Universal's '30 Rock' won best comedy series and AMC's 'Mad Men,' on home video from Lionsgate, won best drama series.
By Erik Gruenwedel | Posted: 26 Aug 2008
Shareholders of packaged media distributor Entertainment Distribution Co. have agreed to a fiscal reorganization plan designed to keep the New York company’s stock listed on The NASDAQ (National Association of Securities Dealers Automated Quotation) Capital Market.
Under the plan approved Aug. 22 at EDC’s annual meeting, shareholders exchanged 10 shares of common stock for one share of common stock of EDCI Holdings.
The reverse stock split took effect Aug. 26.
EDC has until Dec. 29 to maintain a minimum $1 per share stock price for 10 consecutive business days to remain listed with NASDAQ.
The distributor lost $5.3 million on revenue of $79.4 million in the second quarter (ended June 30), compared to a loss of $4.7 million and revenue of $80.2 million during the previous-year period.
EDC’s stock closed Aug. 26 at $3.90 per share.