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Prospect of News Corp. flexing its muscle raises Gemstar expectations. (Up Front).

Publication: Los Angeles Business Journal
Publication Date: 26-AUG-02 		Format: Online - approximately 1018 words
Delivery: Immediate Online Access
Full Article Title: Prospect of News Corp. flexing its muscle raises Gemstar expectations. (Up Front).(Jeff Shell is expected to take control of Gemstar-TV Guide International Inc.)(Brief Article)

Article Excerpt
With management of Gemstar-TV Guide International Inc. expected to come under the sway of former News Corp. executive Jeff Shell, expectations of better performance and a re-energized business strategy are running high among Gemstar partners, investors and analysts.

If Shell assumes control, he will waste no time focusing on the company's mature cash business, including TV Guide magazine, which, with a circulation of 9 million, generates more than $100 million in annual revenues.

In parallel, any new management must work fast to rebuild relationships with key cable and satellite customers in order to better position the company for growth in an increasingly competitive electronic guide market.

Gemstar critics argue that embattled founder and Chief Executive Henry Yuen has largely ignored the TV Guide business in favor of a technology patent protection and licensing strategy. Gemstar develops and licenses technology for interactive on-screen programming guides, a business that in the longer term...

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