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A Reverse Morris Trust is used when a parent company has a subsidiary (sub-company) that it wants to sell in a tax-efficient manner. The parent company completes a spin-off of a subsidiary to the parent company's shareholders. Under Internal Revenue Code section 355, this could be tax-free if certain criteria are met. The former subsidiary (now ...
The company was formed by Verizon in 2009 to facilitate the planned sale of some local subsidiaries to Frontier, which was completed on July 1, 2010. The company was set up to allow for a Reverse Morris Trust merger, allowing Verizon to spin off the company to Frontier tax-free. Its primary purpose was to transfer Frontier ILEC Holdings as well ...
This comes as Rogers Media gained full acquisition as part of an agreement in conjunction with the Vancouver Canucks games previously broadcast by Bell Media's CFTE and CKST. 26: Lansing, Michigan picks up a second Top 40/CHR, as WLMI dropped Classic Hits to become "i92.9." The flip will give rival WJIM-FM new competition for listeners [34]
On February 2, 2017, CBS agreed to sell CBS Radio to Entercom, then the fourth-largest radio broadcaster in the United States, the sale was conducted using a Reverse Morris Trust so that it would be tax-free. While CBS shareholders retained a 72% ownership stake in the combined company, Entercom was the surviving entity, separating WBZ (AM) and ...
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The music video is parodied in Mikal Cronin's 2015 music video, "Say". [39] An abridged version of the song is played during the end credits of The Great North episode, "Bear of Beeftown Adventure" (S04E08), performed by Beef Tobin and an accompaniment of bears. The song's beginning trumpet solo is sampled on a Lucero song named "Vete con Ella".
The song opened the group's January 1991 EP titled This Is an EP Release, [62] while Shakur appeared in the music video. At the request of Steinberg, Digital Underground co-founder Jimi "Chopmaster J" Dright worked with Shakur, Ray Luv and Dize, a DJ, on their earliest studio recordings.
Machinima has also been used for music video clips. The first machinima music video to air on MTV is that of Zero 7's "In the Waiting Line" in 2003, animated in the id Tech 3 engine by Tommy Pallotta. [182] Second Life virtual artist Bryn Oh created a work for Australian performer Megan Bernard's song "Clean Up Your Life", [183] released in ...