Field Reports1 Aug, 2006 By: Thomas Haire, Courtney Beth Pugatch Response
Khubani's Entrepreneurial Engineers Wow DR Lecturers at Princeton
Pugatch is a recent graduate of California State University, Fullerton and brings not only daily newspaper experience, but also six months of interning for ABC's Primetime/20-20 in New York.
Courtney Beth Pugatch
"Courtney has a go-getter's attitude and some very strong student newspaper and internship experience," says Thomas Haire, editor-in-chief. "She's a perfect fit for this position."
Nicole Urso, Response's associate editor for the past two years, moved on recently to a new position at Citysearch.com. The magazine staff wishes her the best in her new role.
Univision Sells to Private Group; Televisa Wants Out of Its Existing Univision Deal
LOS ANGELES - After balking at a smaller offer, Hispanic television giant Univision agreed to a sale price of $13.7 billion, or $36.25 per share, to a group of investors led by media investor Haim Saban. Included in the deal is also the company's $1.4 billion debt.
The acquisition was led by private firms that included: Providence Equity Partners, Texas Pacific Group, Madison Dearborn Partners, and Saban, who made millions off of the Mighty Morphin Power Rangers franchise. Saban's group offered $35.50 per share just a few days before coming to the final agreement.
When Univision turned down that bid, many experts believed Grupo Televisa, the largest media company in the Spanish-speaking world, would eventually win the bidding process. However, Televisa's bid process was wounded when two of its investment partners fell by the wayside.
After losing its bid, Televisa has said that it wants to sell its 11.4-percent stake in the company. In a letter drafted to the winning bidders, Televisa said it was prepared to discuss a sale of its shares "as soon as possible" at the offer price of $36.25. The selling of its shares would revoke a 1996 agreement and allow its programming to be shown elsewhere, instead of exclusively on Univision.
The Univision-Saban deal is expected to be finalized in spring 2007.
Schneider's Sawyer Center Helps Inventors Move Products to Market
Since 1995, Steve Schneider has been director and consultant with the Santa Rosa, Calif.-based Bruce Sawyer Center, a special program hosted by Santa Rosa Junior College (SRJC) and the Redwood Empire Small Business Development Center. Schneider provides clients with free information and assistance on the invention process and helps individuals and small businesses develop ideas into marketable products. Recently, Response caught up with Schneider to talk about his experiences in helping and dealing with entrepreneurs and inventors bring products to market.
Q. How did you get involved with the Bruce Sawyer Center?
A. I was in the consumer electronics business in the Bay Area for 35 years. I helped bring product to market for Sanyo, Blaupunkt, Panasonic. I was involved in sales, retail distribution and manufacturing. I worked trade shows around the country, sold product to major retailers like Good Guys. When I retired from the business in the late 1980s, I moved to Santa Rosa. I was introduced to a gentleman who was involved at Santa Rosa Junior College (SRJC). They'd recently gotten an endowment from Bruce Sawyer, who wanted to open a workshop and library for inventors — really, a place where inventors could go for assistance in getting their inventions marketed. I was hired on to work as a consultant, to interview inventors. We received some local news coverage and that really gave us an early boost.
Q. What does the Sawyer Center do for inventors and entrepreneurs that sets it apart from others in this space?