Rumors have been afoot for some time that the Sony Pictures Entertainment 
division, which includes the television division that produces "Happy 
Endings," "Community," "Wheel of Fortune" and "Jeopardy!", among other 
shows, and owns half of GSN, was up for sale (CBS was even rumored to be 
kicking the tires on Sony)--now the manager of the Third Point hedge fund 
that owns enough of Sony stock to have an influence in the company has 
called for the corporation to spin off or sell a stake of its entertainment 
divisions (including the music division it owns with Bertlesmann) to 
sharpen the focus on electronics and (natch) increase profits:

http://www.billboard.com/biz/articles/1561431/third-points-daniel-loeb-calling-for-sony-to-spin-off-entertainment-business

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