The Guy Who Used to Run TV Guide Is a Wanted Man
 

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Despite TV Guide's sale to Macrovision, Debra Birnbaum being named EIC, and the brand's reversal of mostly negative press, the magazine's outlook isn't all rosy, thanks to its attachment to Henry Yuen, the former CEO of Gemstar-TV Guide who is officially a fugitive from justice.

Yuen, who lost his post in 2002, failed to turn himself in to authorities on recent obstruction of justice charges, which means the U.S. Attorney in Los Angeles has a warrant out for him.

In 2006, he was convicted of "securities fraud for lying about Gemstar-TV Guide's revenues to inflate the stock price. The new obstruction of justice charge alleges he destroyed documents and emails sought by the Securities and Exchange Commission in relation to this earlier investigation." He also owes $22.3 million in unpaid fines for inflating revenues by $248 million from 2000-02. [MP]

Add this to the on-going battle between Birnbaum and former Life & Style editor Mark Pasetsky, and Lost might not be the only storyline that needs wrapping up.

[Photo: WSJ]

May 19, 2008 · 11 views (beta) · Link · 1 Response
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Comments (1)

No. 1 · Bob

I'm confused. In what way does Yuen's past association hinder TV Guide now? Are you making a business argument? If so, please explain and give some numbers as evidence. Are you talking about reader perception? If so, I can tell you that Yuen has nothing to do with why the mag is shedding subscribers. Are you trying to find a news peg to fill out a blog post on a slow day? If so, try harder. You are generally much better than this.

Thanks

Posted: May 21, 2008 at 2:11 pm · @Reply · [Flag?]
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