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VS Media company history timeline

1997

The company also suffered a net loss of more than $10 million in 1997.

1998

In the meantime, the Korean government in October 1998 launched a plan to fund the broadcasters in an effort to “boost the broadcasting industry which includes extending financial support to the nation's wobbly independent studios,” as reported in the Korea Herald.

In early 1998 Mario Gabelli, a money manager based in Rye, New York, whose group controlled more than $290 million of Media General's Class A stock, requested an opportunity to nominate new members to the company's board.

1999

In April 1999 it sold its Fairfax County cable TV holdings to Cox Enterprises for $1.4 billion, officially exiting the cable industry.

2000

In May 2000, all nine of the company's current directors were reelected.

2001

The controversies swirling around the 2001 tax probes of more than 20 media companies in Seoul illustrate the Kim Dae Jung government's willingness to use various legal mechanisms to “correct[] the market's failure to achieve a democratic media” in South Korea.

2002

As of February 2002, more than half of Korea's 15 million households had broadband service.

2005

By the year 2005 up to 12 million homes, or over 75% of all 16 million Korean households, will access the broadband Internet.

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Founded
1996
Company founded
Headquarters
Westlake Village, CA
Company headquarter
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PRWeek1998$76.7M15026
Phoenix New Times1970$38.0M750-
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VS Media history FAQs

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