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Halunen & Associates
Halunen & Associates Announce: Star Tribune Hit With New Allegations That it Overstated Paid Circulation -- MNI
MINNEAPOLIS, July 14, 2005 (PRIMEZONE) -- Late Wednesday, advertisers filed an updated Complaint in light of key developments in the lawsuit against the Star Tribune and its parent company, The McClatchy Co. (NYSE:MNI). Employment agencies who advertise in the Star Tribune filed the Amended Complaint in Federal Court claiming that the newspaper overstated its paid circulation rates, resulting in fraudulently inflated prices. The Amended Complaint exposes the Star Tribune's practice of requiring distributors and agents to order surplus papers; it asserts that the Star Tribune required distributors to attest that their return rates - a measure of unsold papers - were not more than 18-19% when, in fact, they were much greater.
RMD Entertainment Finalizes Contract With Groove Mobile; Expands Distribution in Booming Ringtone Market
BAY CITY, Mich. and TORONTO, July 14, 2005 (PRIMEZONE) -- RMD Entertainment Inc., a wholly owned subsidiary of Sciax Corp. (Pink Sheets:SCXC), finalized a ringtone distribution agreement in which Groove Mobile will distribute RMD's entire music catalogue. Groove Mobile works in affiliation with 5 of the top European ringtone resellers which include Orange of the UK, Eurotel for the Czech Republic, Telenor from Norway, Pannon from Hungary, and PTC from Poland.
Novartis to Acquire North American OTC Brand Portfolio from Bristol-Myers Squibb
BASEL, Switzerland, July 14, 2005 (PRIMEZONE) -- Novartis announced today that it has agreed to acquire the rights to a portfolio of over-the-counter (OTC) products - led by the pain medicine Excedrin(R) - from Bristol-Myers Squibb Company for approximately USD 660 million in cash, significantly strengthening the company's OTC business in the No. 1 US market.