3, 17. 2006
Major cable broadcaster Usen Corp. announced on Mar. 16 it decided to support scandal-hit Livedoor Co.’s management reconstruction. Usen’s President Yasuhide Uno will personally buy Fuji Television Inc’s entire stake in Livedoor for about 9.5 billion yen, becoming the second-largest shareholder after Livedoor’s ex-President Takafumi Horie.
Usen and Livedoor aim to increase their profits thorugh their joint business, such as combining Usen’s Gyao online broadcasting service and Livedoor’s portal site.
