This page contains affiliate links. We may earn commissions when readers interact with or purchase items through these links. For more information, see our affiliate disclosures here.

Quarterly Dividend announced, Joint Venture Closes and a New CFO Named

Transformers News: Quarterly Dividend announced, Joint Venture Closes and a New CFO Named

Saturday, May 23rd, 2009 12:22PM CDT

Categories: Press Releases, People News, Company News, Digital Media News
Posted by: First Gen   Views: 23,639

Topic Options: View Discussion · Sign in or Join to reply

Lots of moving parts going on in Pawtucket, Rhode Island. HASBRO Inc. has just announced its Quarterly Cash Dividends to be paid to share holders this quarter. $0.20 USD for every share held by stock holders as of August 3rd, 2009. The dividends are scheduled for release on August, 17th 2009.

Also happening at the toy company, the joint venture with Discovery Communications has just been closed in which Hasbro purchased a 50 percent interest in a joint venture which holds the Discovery Kids Network in the United States. Hasbro and Discovery plan for the joint venture to create a rebranded television network dedicated to high-quality children’s and family entertainment.

The rebranded network is scheduled to premiere in late 2010. The network will feature content from Hasbro’s rich portfolio of entertainment and educational properties, and content from Discovery’s extensive library of award-winning children’s educational programming, as well as programming from third-party producers.

And finally, we at Seibertron.com would like to congratulate Deb Thomas for being named Chief Financial Officer. Ms. Thomas will report directly to David Hargreaves, the Company’s Chief Operating Officer, who had been serving as Hasbro’s COO and CFO prior to the appointment of Ms. Thomas.

“Deb is an outstanding and experienced professional who has been an important contributor on many levels throughout her career at Hasbro,” said Mr. Goldner, CEO of HASBRO Inc. “She has clearly and consistently demonstrated her financial acumen and industry expertise as head of Corporate Finance, and we are pleased that she will now be taking on added responsibilities as Hasbro’s CFO.”

-----------------------------------

PAWTUCKET, R.I. & SILVER SPRING, Md.--(BUSINESS WIRE)--May. 22, 2009-- Hasbro, Inc. (NYSE:HAS) and Discovery Communications (Nasdaq: DISCA, DISCB, DISCK) announced today the closing of Hasbro’s purchase of a 50 percent interest in a joint venture which holds the Discovery Kids Network in the United States. Hasbro and Discovery plan for the joint venture to create a rebranded television network dedicated to high-quality children’s and family entertainment.

The rebranded network is scheduled to premiere in late 2010. The network will feature content from Hasbro’s rich portfolio of entertainment and educational properties, and content from Discovery’s extensive library of award-winning children’s educational programming, as well as programming from third-party producers.

About Hasbro

Hasbro, Inc. (NYSE:HAS) is a worldwide leader in children’s and family leisure time products and services with a rich portfolio of brands and entertainment properties that provides some of the highest quality and most recognizable play and recreational experiences in the world. As a brand-driven, consumer-focused global company, Hasbro brings to market a range of toys, games and licensed products, from traditional to high-tech and digital, under such powerful brand names as TRANSFORMERS, PLAYSKOOL, TONKA, MILTON BRADLEY, PARKER BROTHERS, CRANIUM and WIZARDS OF THE COAST. Come see how we inspire play through our brands at http://www.hasbro.com. © 2009 Hasbro, Inc. All Rights Reserved.

About Discovery Communications

Discovery Communications (Nasdaq: DISCA, DISCB, DISCK) is the world’s number one nonfiction media company reaching more than 1.5 billion cumulative subscribers in 170 countries. Discovery empowers people to explore their world and satisfy their curiosity through 100-plus worldwide networks, led by Discovery Channel, TLC, Animal Planet, Science Channel, Planet Green, Investigation Discovery and HD Theater, as well as leading consumer and educational products and services, and a diversified portfolio of digital media services including www.HowStuffWorks.com. For more information, please visit www.discoverycommunications.com.

Certain statements contained in this press release, including statements related to the future expectations and timing for the rebranding of the network, the types of content which the parties currently plan to create and distribute via the network, and expectations for the performance of the rebranded network, constitute forward-looking statements. Such forward-looking statements are subject to known and unknown risks and the actual actions or results may differ from these current expectations. Factors which might cause a difference between actual and expected events include: (i) greater than expected costs or unexpected delays associated with the steps necessary to rebrand the network, (ii) greater than expected costs or unexpected delays related to Hasbro’s establishment and development of the team and infrastructure to create and produce content for the network, (iii) changes in plans with respect to the future content to be created for the network or the timing for its development, or with respect to the branding and marketing for the network, (iv) consumer interest in and acceptance of the network and its programming, or in entertainment-related product associated with the network, (v) the financial performance of the network and other factors which impact the resources the network has available and/or determines to spend on programming, advertising and marketing, (vi) the willingness and ability of Hasbro and Discovery to assist the network in meeting any financial shortfalls it may experience or to otherwise support the network, (vii) increased costs associated with, or delays in the production of, planned content for the network, (viii) other factors which may lead to changes in the branding of the network and/or the content to be developed for the network, as well as (ix) other factors which are discussed in Hasbro’s and Discovery’s public announcements and SEC filings. Neither party undertakes any obligation to update these forward-looking statements for events occurring after the date of this press release.

Source: Hasbro, Inc.

News Media Contacts:
For Hasbro:
Wayne Charness, 401-727-5983
wcharness@hasbro.com
or
For Discovery:
Tammy Shea, 240-662-6506
Tammy_Shea@discovery.com
or
Investor Relations Contacts:
For Hasbro:
Karen Warren, 401-727-5401
kwarren@hasbro.com
or
For Discovery:
Craig Felenstein, 212-548-5109
craig_felenstein@discovery.com
Credit(s): HASBRO

News Search

Got Transformers News? Let us know here!

Transformers and More @ The Seibertron Store

Visit our store on eBay
These are affiliate links. We may earn commissions when you purchase items or services through these links.
Visit shop.seibertron.com to buy "KING SPAWN #25 Cvr A Image Comics 2023 JUN230329 25A (CA) Mele (W) McFarlane"
KING SPAWN #25 Cvr ...
Visit shop.seibertron.com to buy "GUNSLINGER SPAWN #23 Cvr B Image Comics 2023 JUN230312 23B (CA) Keane"
GUNSLINGER SPAWN # ...
Visit shop.seibertron.com to buy "SCORCHED #14 Cvr B Image Comics NOV220276 14B (CA) Aguillo (W) Lewis (A) Segovia"
SCORCHED #14 Cvr B ...
Visit shop.seibertron.com to buy "SCORCHED #21 Cvr A Image Comics 2023 JUN230350 21A (CA) Mele (W) Lewis (A) Soy"
SCORCHED #21 Cvr A ...
Visit shop.seibertron.com to buy "KING SPAWN #1 Cvr D Image Comics 2021 JUN210030 1D (CA) Murphy 230131C"
KING SPAWN #1 Cvr ...
Visit shop.seibertron.com to buy "SPAWN #318 Cvr A Image Comics 2021 MAR210228 318A (W) McFarlane (CA) Revolver"
SPAWN #318 Cvr A I ...
Visit shop.seibertron.com to buy "NIGHTWING #99 Cvr G Spawn DC Comics 2022 SEP228477 99G (W) Taylor (CA) Fernandez"
NIGHTWING #99 Cvr ...
Visit shop.seibertron.com to buy "SHADOWHAWK #1 Image Comics 1992 (CA) Valentino 220817A"
SHADOWHAWK #1 Imag ...
Visit shop.seibertron.com to buy "GUNSLINGER SPAWN #9 Cvr A Image Comics 2022 APR220193 9A (CA) Revolver"
GUNSLINGER SPAWN # ...
Visit shop.seibertron.com to buy "SAVAGE DRAGON #1 Image Comics 1992 (W/A/CA) Larsen 220817A"
SAVAGE DRAGON #1 I ...
Visit shop.seibertron.com to buy "GUNSLINGER SPAWN #21 Cvr B Image Comics 2023 APR230238 21B (A/CA) Booth"
GUNSLINGER SPAWN # ...
Visit shop.seibertron.com to buy "GUNSLINGER SPAWN #21 Cvr C virgin Image Comics 2023 APR230239 21C (A/CA) Booth"
GUNSLINGER SPAWN # ...
Visit shop.seibertron.com to buy "SCORCHED #13 Cvr B Image Comics 2022 OCT220205 13B (CA) Aguillo (W) Lewis"
SCORCHED #13 Cvr B ...
Visit shop.seibertron.com to buy "BATMAN SPAWN #1 Cvr C DC Image Comics 2022 OCT223270 1C (CA) Dell'Otto"
BATMAN SPAWN #1 Cv ...
* Price and quantities subject to change. Shipping costs, taxes and other fees not included in cost shown. Refer to listing for current price and availability.
Find the items above and thousands more at the Seibertron Store on eBay
Transformers Podcast: Twincast / Podcast #344 - Journey to the Pegs
Twincast / Podcast #344:
"Journey to the Pegs"
MP3 · iTunes · RSS · View · Discuss · Ask
Posted: Saturday, February 24th, 2024

Featured Products on Amazon.com

These are affiliate links. We may earn commissions when you purchase items or services through these links.
Buy "Transformers: Bumblebee -- Energon Igniters Nitro Series Barricade" on AMAZON
Buy "Transformers: Generations Power of The Primes Legends Class Battleslash" on AMAZON
Buy "Transformers Studio Series 10 Deluxe Class Movie 1 Autobot Jazz" on AMAZON
Buy "Transformers Deluxe Ratchet Action Figure" on AMAZON
Buy "Transformers: Generations Power of The Primes Leader Evolution Rodimus Unicronus" on AMAZON
Buy "Transformers Generations Power of The Primes Deluxe Terrorcon Rippersnapper" on AMAZON
Buy "Transformers Masterpiece Movie Series Barricade MPM-5" on AMAZON
Buy "Transformers Generations Power of The Primes Voyager Class Elita-1" on AMAZON
Buy "Transformers Titans Return Overlord Decepticon Figure" on AMAZON
Buy "Transformers Studio Series 04 Deluxe Class Movie 1 Autobot Ratchet" on AMAZON
Buy "Transformers Generations Titans Return Megatron and Doomshot" on AMAZON
Buy "Transformers Generations Combiner Wars Victorion Collection Pack" on AMAZON