New Frontier Media

News & Articles
66 results:

New Frontier Media, Michael Weiner Announce Settlement

New Frontier Media and Michael Weiner announced today in a statement that they have reached an amicable resolution to their dispute concerning Weiner’s separation from New Frontier.

LFP Broadcasting Completes Tender Offer for New Frontier Media

LFP Broadcasting has successfully completed its tender offer for outstanding shares of New Frontier Media common stock, moving forward its deal for the transactional adult TV service.

3 More Shareholder Suits Filed Over New Frontier Takeover

Three additional shareholder suits have been filed against New Frontier Media and LFP Broadcasting over the planned $33 million takeover of the adult transactional TV service.

Shareholder Suit Asks for Injunction in New Frontier Deal

A suit that seeks class-action status has been filed against New Frontier Media and LFP Broadcasting by a shareholder who alleges that LFP's proposed $33 million takeover of the company is "grossly inadequate."

New Frontier Media Board Retained by Shareholders

New Frontier Media Inc., which signed a definitive agreement to be acquired by LFP Broadcasting last week, said today that shareholders reelected its board of directors — an election that likely will be the last time for the adult transactional TV service.

Former New Frontier Media CEO Plans Wrongful Termination Suit

As the LFP Broadcasting/New Frontier Media merger deal gets off the ground, the former CEO of New Frontier Media says he plans to sue, claiming he was wrongfully terminated from the company.

Manwin Won't Sweeten Bid for New Frontier Media

Manwin said Tuesday evening it won't get into a bidding war for New Frontier Media, which yesterday made an agreement with LFP Broadcasting to purchase the company for $33 million.

LFP Plans to Acquire New Frontier Media in $33M Deal

LFP Broadcasting today said that it plans to acquire New Frontier Media in a deal valued in excess of $33 million.

Details Emerge Over New Frontier Media's Firing of CEO

New Frontier Media's recent firing of its chief executive was preceded by the belief that he and another board director at the company were planning to sell the adult transactional TV service to an investment company that made a hostile takeover bid.

New Frontier Media Ousts CEO Michael Weiner, Appoints New Brain Trust

Beleaguered adult transactional TV giant New Frontier Media has terminated CEO Michael Weiner.

New Frontier Media Breached Grand Tourisme Deal, Suit Says

Grand Tourisme Audiovisuel, a Luxembourg-based operator of adult transactional TV channels in Europe, has filed claims against New Frontier Media, alleging it stopped making payments less than halfway into a licensing agreement.

Private Claims New Frontier Media Breached Contract in $1M Suit

Private Media Group is seeking $1 million in compensatory damages against New Frontier Media over a licensing deal that went sour.

New Frontier Media Sees Wider Loss

New Frontier Media took a $3.7 million goodwill impairment charge and reported operating loss of $4.8 million for the fiscal year.

New Frontier Media Settles Proxy Contest, Related Litigation

New Frontier Media Inc. said Thursday evening that it has settled its proxy contest and legal battle with Longkloof Ltd.

Battle for New Frontier Media Takes Another Turn

The battle for control of New Frontier Media took another turn this week as Longkloof Ltd. filed counterclaims against the adult transactional TV company.

Investment Firm Tops Manwin's Bid for New Frontier Media

New Frontier Media today received a sweetened bid by investment company Longkloof Ltd. for the adult transactional TV company.

New Frontier Reacts to Longkloof Takeover Attempt

Adult transactional TV provider New Frontier Media's current board in a terse public statement yesterday said that it will attempt to fend off a shareholder battle for board seats and possible control of the company.

New Frontier Media Inks Major Content Deal With Bluebird

New Frontier Media today announced a content and development deal with Bluebird Films that includes a commitment from Bluebird to develop and produce 250 hours of original content for the adult transactional TV network.

New Frontier Media Launches Strategic Review, Indemnifies Board Members

Transactional TV service New Frontier Media has tapped into investment banking firm Avondale Partners to examine strategic alternatives.

Manwin Makes Bid for New Frontier Media

Manwin said today that it has made a proposal to New Frontier Media's board to acquire the adult transactional TV company for $1.50 per share of outstanding common stock.