Welcome Guest [Log In] [Register]
Add Reply
GNS Loses Delta Feed Network in Split; Breaking News - Will Carter Reporting
Topic Started: Sep 9 2009, 06:30 PM (263 Views)
David Alteron
Member Avatar
Writing Admin, Lulzmaster General
And here's some breaking news, live from our Situation Desk:

The Galactic News Service, a division of United Feed Service, was forced to give up its Delta Feed Network department earlier today after a Kantus Court of Royal Justice conceded to the rulings of its counterparts - the Arthran Civil & Commerce High Tribunal and the Edictus Federal Commercial Court. Several shareholders in the original DFN filed the suit several decades ago in 2951 on the charge that the takeover of DFN by GNS in 2949 violated corporate ethics laws in all three factions.

After an extensive investigation by the three highest commercial courts in all three factions, all courts involved eventually reached the verdict that GNS operated illegally in the takeover of DFN - with a rap sheet involving bribes, coersion at all levels of DFN, and stock price deception. As per court order, GNS no longer retains trademark control over Delta Feed Network in any of the factions and was not allowed to operate in Kantus, Arthran, or Edictus space until Delta Feed Network was reestablished as an independent corporation. As predicted, GNS executives were able to complete necessary business exchanges with the new owners of the Delta Feed Network within hours.

The future of galactic news coverage is questionable, as 40% of former GNS assets are now in the hands of DFN, where they originated. An influx of writers and reporters joining DFN after leaving GNS due to contract issues and questions about writer bias has led some corporate analysts to believe that DFN might give GNS a very competitive run for its money in the near future.

We will, of course, continue to report on this very close to home story as we recieve information. Most of what we've just relayed to you has occurred during the night, and we expect plenty of news about it during the day. Reporting for a very downsized Galactic News Service, this has been William Carter.
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · Galactic News Service · Next Topic »
Add Reply