January 24, 2022

Media Decoder Blog: A Talk Show, ‘Kris,’ Is Planned for Kris Jenner

MIAMI — The next person in line for a daytime talk show from Fox’s syndication division is Kris Jenner, the matriarch of the TV-friendly Kardashian family.

Twentieth Television, a production and syndication arm of News Corporation, said Monday that it would produce a six-week test of a talk show called “Kris.” The one-hour show will be televised this summer by another unit of News Corporation, the Fox-owned television stations in cities like New York and Los Angeles.

Summer tests have become Fox’s preferred way of trying out new talk shows. It ran “The Wendy Williams Show” for a few weeks in the summer of 2008; now it’s a staple of stations’ daytime lineups across the country.

The Fox-owned stations also tested a talk show by Bethenny Frankel last summer; that show, “Bethenny,” will have its premiere on a more permanent basis this fall.

“Wouldn’t be summer without at least one test, would it?,” Frank Cicha, the senior vice president for programming for the stations, said in a statement. “In all seriousness, we go into this believing that if it works, the Kris Jenner program could really complement what we’ve got going with Wendy, Bethenny, etc.”

The test was announced during NATPE, a conference where syndication buyers and sellers meet each year.

Ms. Jenner brings instant name recognition to the talk show and the promise of cross-pollination with her other television franchises. She is best known for her role on “Keeping Up With the Kardashians,” the hit reality show on the E! channel. She is an executive producer as well as a star of that show. She’s also an executive producer of all the “Kardashian” spinoffs on E!. She will be a producer of “Kris,” as well.

Twentieth Television’s development of “Kris” may be a bad omen for “The Ricki Lake Show,” which it began to produce last fall. Ms. Lake’s show was overshadowed by a number of other talk show premieres, and Deadline.com reported Monday that it is “unlikely to continue next season.”

Article source: http://mediadecoder.blogs.nytimes.com/2013/01/28/talk-show-called-kris-planned-for-kris-jenner/?partner=rss&emc=rss

DealBook: Tyco to Split Into Three Companies

TycoDaniel Acker/Bloomberg News Tyco wants to separate its North American residential alarm system unit, its flow control group and its commercial security business.

Tyco International said that it planned to split into three public companies, the latest business to announce a breakup to bolster growth.

In the next year, the conglomerate is looking to cleave off its North American residential alarm system unit, its flow control group and its commercial security business into separate companies.

“All three companies will have industry-leading positions in large and fragmented industries and enhanced capabilities to serve their distinct customers,” Tyco’s chief executive, Edward D. Breen, said in a statement. “Importantly, the new standalone companies will have greater flexibility to pursue their own focused strategies for growth — both organic and through acquisitions — than they would under Tyco’s current corporate structure.”

At the urging of investors and analysts, several big companies have been looked to spinoffs and separations, as a way to address sluggish growth and stagnant stock returns. The theory is that the companies are worth more in pieces than whole.

Fortune Brands, which last year said it would break into three businesses, spirits, home products and golf, is close to completing its strategic split. Fortune Brands Home Security and Beam, the maker of Jim Beam and Maker’s Mark, are both expected to start trading on Oct. 4. In May, the company agreed to sell its golf business to an investment group led by the owner of the Fila sports brand for $1.23 billion in cash.

Amid pressure from activist investors, McGraw-Hill announced in September that it would spin off its education business, leaving its fast-growing business information unit. Kraft is moving to separate its global snacks business from its North American grocery group.

In all, more than a dozen companies have announced plans to spin off divisions this year.

Tyco has been down the breakup path before, too. In 2007, it spun offits health care business and electronics group into two companies. Its finance arm, in 2002, became an independent company, CIT Group.

In many ways, Mr. Breen has been dismantling the company built by his disgraced predecessor, L. Dennis Kozlowski, who was convicted of fraud. During his tenure, Mr. Kozlowski was an aggressive deal maker, turning Tyco into a sprawling conglomerate with interests in finance, materials, security systems and medical products, among other industries.

Following the split, Mr. Breen is expected to become nonexecutive chairman of the commercial group. He will also serve as a director at the flow control company and consult at the residential security business. The breakup is expected to be completed in the next year.

“We will have strong leadership teams at the board and management levels of all three companies, enabling each business to take full advantage of the attractive growth opportunities that lie ahead,” Mr. Breen said in a statement.

Article source: http://feeds.nytimes.com/click.phdo?i=147a96a07208d90e3b85ade0bb015ff7

DealBook: Bank of America to Spin Off Buyout Arm

Bank of America Merrill Lynch has decided to spin off its $5 billion private equity arm, a representative for the bank confirmed on Wednesday.

The decision to make the unit independent is a fresh sign of a wider movement by banks to comply with the Volcker rule, which restricts how banks can invest their capital, and has led to a flurry of spinoffs and departures on Wall Street.

The private equity arm, BAML Capital Partners, was originally named Merrill Lynch Global Private Equity. Its past and current investments include Hertz; HCA; the energy company Targa Resources; Aeolus Re, a reinsurer based in Bermuda; and Bank of China.

The unit’s focus has been on the health care, consumer products and energy sectors, among others.

Article source: http://feeds.nytimes.com/click.phdo?i=7ca6341b073982e9ef4893407c139aa7