GECs
Murdoch sued in US over fall in Gemstar share value
MUMBAI: News Corp chairman Rupert Murdoch and elder son Lachlan are being sued by shareholders in TV guide company Gemstar over the $30 billion fall in its value in the past two years.
News Corp, which owns 42 per cent of Gemstar, and the Murdochs, who sit on the US company’s board, stand accused of helping defraud investors by “causing Gemstar to engage in unlawful conduct.” The lawsuit claims Gemstar failed to issue reports showing the falling value of the business and threats to its major asset, patents for a system to record television programmes, the thisislondon.co.uk website has reported.
At a time when investors are scrutinizing US companies’ accounting statements for numbers perceived as false or misleading, a judge’s determination that Gemstar’s patents haven’t been infringed once again calls into question Gemstar’s revenue recognition policies. Earlier this year, the company disclosed that it had recorded more than $100 million in licensing revenue from Scientific-Atlanta since 1999, even though Scientific-Atlanta had refused to pay up and then sued Gemstar in federal court to get a ruling that it wasn’t infringing on Gemstar’s patents.
News Corp has had to write off about $4 billion of its investment in Gemstar and is expected to write off another $1billion when it reports results later this month, says this is london.co.uk.
GECs
Asianet Television Awards 2026 celebrates women power in Malayalam TV
“She is the Colour” theme honours icons as ceremony airs on March 14 and 15 at 7 PM.
MUMBAI: If television lights up living rooms, this year Asianet decided to let women provide the colour. The Asianet Television Awards 2026 turned the spotlight firmly on women empowerment with the theme “She is the Colour”, celebrating the strength, resilience and achievements of women who continue to shape society and the Malayalam entertainment industry.
The ceremony honoured several distinguished personalities whose journeys have left a lasting cultural imprint. Among them was legendary playback singer Vimala Varma, widely recognised as the first Malayalam playback singer. The evening also paid tribute to Padma Shri awardees Devaki Amma and Vimala Menon for their exceptional contributions in their respective fields.
Leading women from the Malayalam film industry were also recognised during the event, including actor Shweta Menon, who currently serves as president of the Association of Malayalam Movie Artists, and National Award winning actor Surabhi Lakshmi.
The awards ceremony brought together a glittering lineup of actors and industry figures, including Jayasurya, Vijay Babu, Asha Sarath, Lena, Esther Anil, Anumol, Akhila Bhargavan, Sarayu Mohan, Prajod Kalabhavan, Gayathri Suresh, Sabumon Abdusamad, Swasika, Tini Tom, Sijoy Varghese, Kailash, Veena Nandakumar, Sabareesh Varma, Ansiba Hassan and Dinesh Prabhakar. Kishan Kumar, executive vice president Malayalam at JioStar, was also present at the event.
Beyond individual recognitions, the awards celebrated excellence across Malayalam television, acknowledging artists and technicians whose work continues to drive the industry forward.
The evening also offered plenty of spectacle, with elaborate dance performances, stunt acts and comedy skits performed by popular television and film personalities, turning the ceremony into a full fledged entertainment showcase.
Viewers will get to watch the celebrations when the Asianet Television Awards 2026 air on Asianet on March 14 and 15, Saturday and Sunday, from 7 pm onwards, bringing the star studded tribute to homes across Kerala and beyond.
