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August 25, 2008
[PR] MGM/UA not for sale, sez MGM/UA
"STATEMENT FROM METRO-GOLDWYN-MAYER STUDIOS INC.... LOS ANGELES, CA August 25, 2008-- Contrary to recent media reports, Metro-Goldwyn-Mayer Studios Inc. (MGM) is not for sale. There is no "asking price" for the company. MGM's 
existing financing arrangements are sufficient to meet its needs. Goldman, Sachs has been retained to explore enhancements to MGM's long-term capital structure. All of the MGM shareholders, including Providence Equity Partners, TPG, Sony Corp. Of America and Comcast Corp, are pleased with the Company's current momentum and are committed to the future growth of the studio." [Not that momentous, but it's a good excuse to run this MGM logo that's been defunct for over 30 years. I wonder if it was the one in front of the print of Ice Station Zebra that Howard Hughes watched over and over and over...]
Posted by Ray Pride at August 25, 2008 01:53 PM
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