June 16, 2008 This week-end was filled with wonderful music during the JUNETEENTH 2008 Jazz Splash Festival. Images of the performances will be posted on 6/18/08. Today’s report gives a few glimpses of some of the preparation for the event. We reported on 1/18 through 1/25/08 about the removal of the old tent that covered the Colly Soleri Amphitheater. Planning department and Graphics are working on a new design for coverage of the stage and seating area. [photo] David Tollas and Jeff Buderer are on top of scaffolding, errected on the stage of the theater, to secure the mid-point of a parachute. [Photo & text: sa] An interim solution for shelter from the intense sun during this 3-day event, was worked out by Director Tomiaki Tamura. Maintenance crew custom cut and trimmed pieces from good parts of the old tent and installed them over the stage area. Construction crew, and many volunteers from other departments, installed a very large parachute to cover the seating area. [Photo & text: sa] The parachute was folded in half, each cord lined up and linked with its opposite and strong rope tied to the individual cords. With the crew distributed along the third floor of the west side of the East Crescent and along the roof of the east side, the ropes were slowly tied in tandem to have clean and even distribution over the stepped seating area. A smaller parachute was installed over the keystone area to give shade to some of the vendors [photos on 6/18]. [Photo & text: sa]
French cable operator Numericable launches its IPO today, one of the biggest public offerings in France since 2009.Numericable is offering about a quarter of its total capital on the Paris stock exchange and is hoping to raise about €650 million with a price range between €20.30 and €24.80, valuing the company at between €5.06-5.57 billion including €2.75 billion of debt.The IPO will allow private equity investors Carlyle and Cinven a partial exit, while Patrick Drahi’s investment vehicle Altice will increase its stake in the operator from 24% to 30%.By 10:00 Numericable’s shares were being traded for €26.39, according to financial daily Les Echos.
Spanish regulator the CNMC has fined Telefónica-owned pay TV operator DTS €661,796 for failure to meet its obligations to finance European content creation in 2014.The CNMC found that DTS, which formerly operated pay TV services under the Canal+ brand, was in breach of its obligations under the Spanish audiovisual communications law, which requires telecom operators that distribute TV services to allocate 5% of their operating income to finance European content. In the case of public companies, the amount is 6%.The imposition of a file follows an investigation by the CNMC, opened in March, after its analysis of spending by operators for 2014 showed DTS falling short of its obligations to the tune of €7.4 million.Telefónica, which has since acquired DTS and committed to a major programme of investment in drama series, spent €4 million in 2014, exceeding its obligation comfortably.The CNMC’s analysis for 2015 also found DTS falling short of its required spend.