120-640: Envision EMI , LLC ( Envision Experience ) is a privately held, for-profit , tuition-based education company that creates, markets, and runs career exploration and leadership development programs for students in elementary school through college. The company manages twenty unique summer educational programs, including programs in Government and Leadership, Law, CSI, Medicine, Mass Media, Gaming and Technology, Engineering, National Security, Business Innovation, and Early STEM Exploration. Many of Envision's programs are held at university and college campuses. In addition,
240-458: A TV Everywhere service offering access to live streaming and on-demand content from Discovery Communications' cable networks. In May 2016, Discovery initiated a restructuring plan aiming to save $ 40 to $ 60 million by the third quarter of 2016, including a shift in strategy to "maximize" its linear television business whilst plotting larger investments in content, digital media, sports, and international markets. In August 2016, Discovery purchased
360-409: A corporation , LLCs are required to register in the states they are "conducting (or transacting) business". Each state has different standards and rules defining what "transacting business" means, and as a consequence, navigating what is required can be quite confusing for small business owners. Simply forming an LLC in any state may not be enough to meet legal requirements, and specifically, if an LLC
480-451: A private limited company . It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation . An LLC is not a corporation under the laws of every state; it is a legal form of a company that provides limited liability to its owners in many jurisdictions. LLCs are well known for the flexibility that they provide to business owners; depending on
600-457: A vertically integrated media conglomerate ) with Discovery Inc. to form a new company, subject to regulatory approval. The merger, scheduled to be completed in mid-2022, would be structured as a Reverse Morris Trust ; AT&T shareholders will hold a 71% interest in the new company's stock and appoint seven board members, and Discovery shareholders will hold 29% and appoint six board members. AT&T will receive $ 43 billion in cash and debt from
720-437: A " shareholder ". Additionally, ownership in an LLC is represented by a "membership interest" or an "LLC interest" (sometimes measured in "membership units" or just "units" and at other times simply stated only as percentages ), rather than represented by " shares of stock " or just "shares" (with ownership measured by the number of shares held by each shareholder). Similarly, when issued in physical rather than electronic form,
840-467: A "Black Tie Gala", when the actual dress code was "professional business attire (suits)". The suit alleges, that "instead of the promised official inaugural ball, the students were taken to a "glorified prom"." Richard Rossi, a co-founder of Envision, told The New York Times in April 2009 that the logistical challenges during the inauguration were overwhelming. "We were operating in almost a war zone, literally
960-428: A "lifestyle focused media network" with Discovery named after their personal company Magnolia. It was reported that Discovery had considered rebranding either DIY Network or Great American Country as this new channel. In April 2019, Discovery confirmed its Magnolia joint venture, which is scheduled to launch in 2020 and replace DIY Network, with an over-the-top subscription component to launch later. Magnolia Network
1080-454: A business formed as an LLC rather than a corporation. An LLC with either single or multiple members may elect to be taxed as a corporation through the filing of IRS Form 8832. After electing corporate tax status, an LLC may further elect to be treated as a regular C corporation (taxation of the entity's income prior to any dividends or distributions to the members and then taxation of the dividends or distributions once received as income by
1200-451: A careers in Aerospace or Aviation. During the program, students who attend receive instruction from Rice University faculty and hear from experts in the aerospace and aviation fields, including former NASA astronaut Leroy Chiao . A six-day program for students in grades 9 - 12 who are interested in pursuing a career in business/entrepreneurship. Previously held on multiple campus locations,
1320-550: A congressional staffer. The two met when Harris arranged a trip for her students to attend the second Presidential Inauguration of Ronald Reagan. The stated purpose of the company was to "create unique experiences that create a lifetime advantage to high-achievers." As of 2010, neither Harris nor Rossi were affiliated with the company. After seven years of exclusively operating as the Congressional Youth Leadership Council (CYLC), Harris and Rossi incorporated
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#17328590843371440-532: A core part of their life." With Discovery choosing 230 Park Avenue South as its new New York City headquarters, Discovery sold its former Silver Spring headquarters to Foulger-Pratt and Cerberus Capital Management in September 2018, and leased a smaller space at nearby 8403 Colesville Road. In November 2018, Chip and Joanna Gaines of the former HGTV series Fixer Upper announced on The Tonight Show Starring Jimmy Fallon , that they were in early talks to form
1560-536: A day care center inside were safely removed to a nearby McDonald's restaurant on Colesville Rd. Lee was shot and killed by an MCPD SWAT team at 4:48 p.m. ET after the hostages made a run to escape. The remaining hostages were immediately freed. The incident was described by the FBI as the first instance of a would-be suicide bomber taking hostages in the United States. Lee was an environmental protester who, in 2008,
1680-475: A document evidencing ownership rights in an LLC is called a "membership certificate" rather than a "stock certificate." In the absence of express statutory guidance, most American courts have held that LLC members are subject to the same common law alter ego piercing theories as corporate shareholders. However, it is more difficult to pierce the LLC veil because LLCs do not have many formalities to maintain. As long as
1800-631: A former NASA astronaut. Previous speakers include Dr. Leroy Chiao , Nicole Stott, Dr. Mary Ellen Webber, and Dr. Don Thomas. For 2019, the program will be held at eleven location across the United States, including Emory University , Villanova University , and Wake Forest University . A six-day program for students in grade 5 - 8. Held in Washington, DC, students study leadership, visit historical monuments, and create their own service organization. Students also hear from NCAA wrestling champion and author Anthony Robles . The Global Young Leaders Conference
1920-436: A joint venture with The New York Times . In June 2002, coinciding with Discovery's 17th anniversary, the company launched a 24/7 high definition channel known as Discovery HD Theater . In 2003, Discovery Communications moved its headquarters from Bethesda to Silver Spring . In 2003 and 2004, Discovery acquired academic film companies such as AGC, AIMS Multimedia, and Clearvue & SVE to form Discovery Education, which
2040-620: A joint venture with Hasbro to relaunch Discovery Kids as a new youth- and family-oriented entertainment channel. The channel, ultimately named The Hub , launched on October 10, 2010. After multiple delays, OWN officially launched on January 1, 2011. On March 17, 2009, Discovery Communications sued Amazon.com for patent infringement by its Kindle e-reader line, regarding "secure distribution of electronic text and graphics to subscribers and secure storage". The patents were originally developed by Discovery founder John Hendricks , who had been developing technologies related to e-books and
2160-501: A joint venture with Oprah Winfrey 's Harpo Productions to relaunch Discovery Health as a new service, OWN: The Oprah Winfrey Network , in 2009. In 2008, Discovery Times was relaunched as Investigation Discovery , a new brand that would be dedicated to true crime programs and documentaries. The company also formed its Emerging Networks Group, and named Clark Bunting as president and Clint Stinchcomb as executive vice president and general manager. On April 30, 2009, Discovery announced
2280-876: A majority stake at a later date. On July 31, 2017, Discovery announced it would acquire Scripps Networks Interactive , owner of networks such as Food Network , HGTV , and DIY Network , for $ 14.6 billion, pending regulatory approval. On March 6, 2018, the acquisition was completed, with the company renamed as Discovery, Inc. afterwards. Following the purchase, SNI shareholders owned 20% of Discovery's stock. Discovery retained an operational hub in SNI's home city of Knoxville , but planned to move its corporate headquarters from Silver Spring, Maryland, where it had operated since 2003, to New York City in late-2019. Discovery's brands were reorganized into two groups under different chief brand officers : SNI's chief programmer Kathleen Finch became chief brand officer of Lifestyle, overseeing TLC,
2400-424: A minimum 3.5 grade point average (GPA) was required. Educators who nominate students are now told to use their own discretion. Teachers who nominate students to attend the company's programs say they consider a student's grades, behavior and participation in class, interactions with other students, and ability to learn. The nomination form does not ask for GPA. levels or educational achievement, simply asking only for
2520-660: A minority stake in the Hong Kong-based digital talent and content company VS Media; Discovery intended to have VS distribute Discovery Digital Networks content in China, and to offer their own resources to VS. In October 2016, Discovery purchased a minority stake in Group Nine Media , a digital media holding company consisting of Thrillist Media Group , NowThis , The Dodo and Discovery's digital network Seeker—for $ 100 million. The transaction gave Discovery an option to acquire
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#17328590843372640-431: A particular country in the simulations and is each supervised by a Faculty Advisor (FA). The LGMs are also intended to introduce each other to the different cultures and origins of the scholars. In addition to the core program, there is the option of enrolling for a pre-program as well as a so-called cultural add-on. While the pre-program is intended to prepare for the main program and bring the participants closer together,
2760-542: A personal liability in cases where distributions to members render the LLC insolvent. The first state to enact a law authorizing the creation of limited liability companies was Wyoming in 1977. The law was a project of the Hamilton Brothers Oil Company , which sought to organize its business in the United States with liability and tax advantages similar to those it had obtained in Panama . From 1960 to 1997,
2880-403: A potential sale in a memo to CW staffers, but added that "It's too early to speculate what might happen" and that the network "must continue to do what we do best." On January 26, 2022, it was reported that the merger between WarnerMedia and Discovery, Inc. was expected to close sometime during the second quarter of 2022. This was later narrowed down to mid-April 2022. On February 1, 2022, it
3000-546: A presidential state of emergency", Mr. Rossi said. "There were a lot of things going on that were inconveniencing even V.I.P.'s." On June 10, 2010, the law firm announced a settlement that provided up to US$ 17 million in tuition vouchers to members of the class action suit. The vouchers provide anyone who attended any of the inaugural programs with two, fully transferable vouchers worth US$ 625 (totaling US$ 1,250). The voucher can be redeemed until 2018 in payment as tuition for any future Envision program. Class members may only transfer
3120-416: A similar entity called a professional limited liability company ( PLLC ). An LLC is a hybrid legal entity having certain characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are). An LLC is a type of unincorporated association , distinct from a corporation. The primary characteristic an LLC shares with a corporation is limited liability , and
3240-483: A stake in the struggling CBS Eye on People channel; Discovery eventually acquired the remainder of CBS's stake, leading to its January 1999 relaunch as Discovery People . The network quietly folded in 2000, being replaced by other Discovery channels on providers. On September 1, 2001, Discovery Communications bought The Health Channel, and announced that it would be re-branded as FitTV . In 2002, Discovery relaunched Discovery Civilization as Discovery Times, as part of
3360-401: A strong commitment to the field of education." In June 2012, the company hired John B. Richards, the former head of Starbucks' North American operations with a marketing background in the hospitality industry, as its new CEO. In August 2012, the company merged with LeadAmerica, a company that offered similar services. In August, 2013, the company rebranded itself as Envision Experience. As of
3480-575: A teacher recommendation attesting to the student's interest in the conference area and a statement that the student's GPA does not reflect their full potential. In 1999, 2003, and in November 2007, Envision EMI was cited in "Great Places to Work: Where to Launch a Career" by The Washingtonian Magazine . The faculty at George Mason University has approved several Envision programs for elective college credit in "Special Topics in Leadership.". These programs are
3600-474: A television network made specifically for dogs. In May 2014, Discovery and its shareholder Liberty Media acquired British television studio All3Media for $ 930 million in a 50/50 joint venture. The new ownership stated that All3Media would be operated as an independent company. In October 2014, Discovery acquired controlling interest in Hub Network from Hasbro and re-branded it as Discovery Family . During
3720-441: A variety of governance and protective provisions for the corporation and its shareholders, most states do not dictate detailed governance and protective provisions for the members of a limited liability company. In the absence of such statutory provisions, members of an LLC must establish governance and protective provisions pursuant to an operating agreement or similar governing document. Discovery Education Discovery, Inc.
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3840-410: A young adult-oriented network into one that featured more unscripted and even national news programming. However, reports also indicated that WarnerMedia and ViacomCBS could include a contractual commitment that would require any new owner to buy new programming from those companies, allowing them to reap some continual revenue through the network. Network president/CEO Mark Pedowitz confirmed talks of
3960-462: Is an annual two-week meeting of young people from around the world who are viewed as future leaders. The aim of the conference is to develop appropriate leadership qualities in a global context. The core program of the conference consists of three components ("three S"): During the rest of the time, topics are prepared and discussed in so-called Leadership Group Meetings (LGM). Most of the country group work takes place here. Each LGM group represents
4080-400: Is formed in one state, but the owner (or owners) are located in another state (or states), or an employee is located in another state, or the LLC's base of operations is located in another state, the LLC may need to register as a foreign LLC in the other states it is "transacting business". For U.S. federal income tax purposes, an LLC is treated by default as a pass-through entity. If there
4200-508: Is now led by Jeremy Cowdrey, former CEO of Imagine Learning. In 2019, Discovery Communications moved its headquarters to New York City , keeping 300 employees in a smaller hub in Silver Spring. Former NBCUniversal executive David Zaslav was named president and CEO of Discovery Communications on November 16, 2006. In the years that followed, Zaslav placed a major focus on bolstering Discovery's core networks, programming, and expanding
4320-502: Is only one member in the company, the LLC is treated as a "disregarded entity" for tax purposes (unless another tax status is elected), and an individual owner would report the LLC's income or loss on Schedule C of his or her individual tax return. Thus, income from the LLC is taxed at the individual tax rates. The default tax status for LLCs with multiple members is as a partnership, which is required to report income and loss on IRS Form 1065. Under partnership tax treatment, each member of
4440-547: Is the foundation for an in development global cycling OTT service. On April 1, 2019, after a previous agreement with the broadcaster lapsed six years prior, Discovery announced a 10-year global content partnership with BBC Studios , under which it will become the exclusive subscription video-on-demand rightsholder of programming from the BBC Natural History Unit (which will become the basis of an international subscription service by 2020) outside of China, Ireland, and
4560-886: Is unlikely that this type of credit will have a significant bearing on the college admissions process. When given the opportunity, we encourage students to think about how they can present these experiences in the application process as an example of their leadership potential." Academic programs offering college credit help save on undergraduate tuition, in addition to allowing students to explore specialized career paths and interests while offering "invaluable opportunities to take advanced courses and make use of resources not available in most high schools". The company markets its programs to what it describes as "high achievers" and "an elite group of outstanding young people" which it identifies via recommendations and mass mailings. In 2009, more than 287,000 teachers nominated students to participate in an Envision EMI program. Students are nominated to attend
4680-468: The Carter administration attorney general, and set aside US$ 1 million for restitution. The company acknowledged there were issues: "While the vast majority of scholars who attended our presidential inaugural programs had a positive experience, we acknowledge that some of them have stated that they did not and this is unacceptable to us.... We are urgently working to address each and every concern and to respond to
4800-653: The Olympic Games throughout most of Europe), GolfTV (an international golf -focused streaming service, which is the international digital rightsholder of the PGA Tour ), Discovery Communications Nordic (which operates general-interest channels in Norway, Sweden, Denmark and Finland), TVN Group in Poland, and a portfolio of various free-to-air channels in Germany, Italy, New Zealand, and
4920-519: The Roeper School for gifted students in Birmingham, Michigan, reported that he is "happy to nominate whoever wants to go." In January 2009, Envision EMI was criticized for its handling of their Presidential Youth Inaugural Conferences that offered 15,000 youths the opportunity to attend exclusive events in Washington, D.C. Participants received a letter congratulating them on being "accepted to be among
Envision EMI - Misplaced Pages Continue
5040-535: The Stanford University campus and receive instruction from Stanford Law professors. A ten-day program for students in grades 9 - 12 who are interested in learning about diplomacy and leadership. Attracting attendees from all over the world, the program begins in Washington, DC and concludes in New York, NY. A thirteen-day program for students in grades 9 - 12 who are interested in a career in game design. Held on
5160-402: The digitization of television programs. While Discovery had divested the television-related patents, it retained the e-book patents. Amazon subsequently accused Discovery of violating a patent for an "Internet-based customer referral system"; The two parties settled in 2011. On October 4, 2011, due to the wider implementation of high-definition feeds for mainstream cable channels, HD Theater
5280-520: The 2019 program is held on the campus of Yale University . A six-day program for students in grade 9-12 who are interested in careers in diplomacy, intelligence, or defense. During the program, students stay on the campus of the University of Maryland and visit embassies and military sites in and around the Washington, DC area. A six-day program for students in grades 9 - 11 who are interested in exploring careers in either law or forensic science. Held in
5400-738: The BBC. In December 2020, Discovery announced that it would launch Discovery+ in the United States on January 4, 2021, which would feature new exclusive programming from across Discovery's brands, and previews of Magnolia Network (whose linear launch had since been delayed to 2022). In May 2021, Discovery formed a multi-platform content partnership with the Georgia Aquarium . On May 17, 2021, AT&T announced that it had reached an agreement to merge its content and broadcasting subsidiary, WarnerMedia (the former Time Warner, which AT&T had acquired in 2018 for just over $ 85 billion in an attempt to become
5520-499: The Congressional Youth Leadership Council, "all full-time staff working on the account of CYLC are employees of Envision EMI LLC." Envision EMI formerly operated some of its programs on behalf of non-profit entities that it had an exclusive marketing relationship with, including the Congressional Youth Leadership Council and the National Youth Leadership Forum, which Envision purchased in November 2007. Envision acquired
5640-679: The Delaware Limited Liability Company Act provides that the managers and controlling members of a Delaware-domiciled limited liability company owe fiduciary duties of care and loyalty to the limited liability company and its members. Under the amendment (prompted by the Delaware Supreme Court's decision in Gatz Properties, LLC v. Auriga Capital Corp ), parties to an LLC remain free to expand, restrict, or eliminate fiduciary duties in their LLC agreements (subject to
5760-525: The Discovery Communications headquarters in Silver Spring, Maryland, prompting an evacuation of the building. Lee's motive was believed to have been grounded in environmental activism . Lee had previously been arrested in 2008 while protesting in front of the same site. The National Consortium for the Study of Terrorism and Responses to Terrorism (START) at the University of Maryland has since labeled
5880-550: The LLC and the members do not commingle funds, it is difficult to pierce the LLC veil. Membership interests in LLCs and partnership interests are also afforded a significant level of protection through the charging order mechanism. The charging order limits the creditor of a debtor-partner or a debtor-member to the debtor's share of distributions, without conferring on the creditor any voting or management rights. Limited liability company members may, in certain circumstances, also incur
6000-563: The LLC seriously and enacted their own LLC statutes. By 1996, all 50 states and the District of Columbia had LLC statutes. In 1995, the IRS came to the conclusion that the widespread enactment of LLC statutes had undermined the Kintner regulations, and in 1996 it promulgated new regulations establishing a so-called "check the box" (CTB) entity classification election system that went into effect throughout
6120-405: The LLC, as is the case for all partners of a partnership, annually receives a Form K-1 reporting the member's distributive share of the LLC's income or loss that is then reported on the member's individual income tax return. On the other hand, income from corporations is taxed twice: once at the corporate entity level and again when distributed to shareholders. Thus, more tax savings often result if
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#17328590843376240-855: The NYLF Forum on National Security, the National Young Leaders Conference, the National Youth Leadership Forum on Medicine, the National Youth Leadership Forum on Law and CSI, and the Global Young Leaders Conference. Participating students have the opportunity to earn one or two college credits, depending upon the length of the program, and credits are generally transferable to other 4-year colleges or universities. Students are evaluated for "active participation in simulations, contributions to discussions and demonstration of leadership and critical thinking skills in group and individual settings." George Mason University notes that "it
6360-413: The National Youth Leadership Forum by "teachers and alumni of previous conferences, and it culls names from mailing lists, for which the Congressional Youth Leadership Council paid $ 263,000 in 2006." In the past, critics have accused the company of recruiting students by claiming that attendance is selective when the company actually markets its programs to tens of thousands of youth. In 2009, when Envision
6480-402: The National Youth Leadership Forum with the goal of helping prepare high school students for college and career success. The first such forum, held in 1992, was the National Youth Leadership Forum (NYLF) on National Security. CYLC and NYLF both worked with National Capital Resources for curriculum development and delivery. In 1993, NYLF added the forum on Medicine. Two years later, they would add
6600-526: The Southern Association of Colleges and Schools, and the Commission on Accreditation and School Improvement (SACS CASI) an accrediting division of AdvancED. The company was originally founded as the Congressional Youth Leadership Council (CYLC) in 1985 by Barbara Harris and Richard Rossi. Prior to founding CYLC, Harris worked as both a classroom teacher and as a school administrator, and Rossi worked as
6720-452: The TLC and Food Network programs Cake Boss and Ace of Cakes ), and a revival of TLC's While You Were Out incorporating HGTV personalities. On August 3, 2017, Discovery announced that it would contribute Velocity into a joint venture with the digital, live events, and direct-to-consumer businesses of automotive publisher TEN: The Enthusiast Network. Discovery will hold a majority stake in
6840-415: The U.S. presidential inauguration, the conducts a Presidential Inauguration Leadership Summit. Prior to the 2017 Summit, the company partnered with Discovery Education in a program through which high school students interviewed and reported on candidates for the 2016 U.S. presidential election . Previously, in 2009, Envision EMI hosted more than 56,000 students in 273 conferences, more students than attended
6960-514: The UK. In addition, Discovery and the BBC reached an agreement to break up their UKTV joint venture (which was inherited from Scripps), with Discovery acquiring the BBC's shares in the Good Food , Home , and Really channels, and BBC Studios acquiring Discovery's shares in the seven remaining channels, and its streaming platform UKTV Play . Home was later rebranded as a local version of HGTV, and Good Food
7080-867: The United Kingdom. In May 2021, AT&T announced its proposal to merge its media subsidiary WarnerMedia with Discovery, Inc. The transaction was approved by the European Commission in December 2021 and was completed on April 8, 2022, forming Warner Bros. Discovery . The company was established in 1982 in Landover, Maryland as the Cable Educational Network. Its namesake and flagship brand, Discovery Channel , first launched on June 17, 1985. In 1991, Discovery Channel's owners acquired The Learning Channel . Three years later, Cable Educational Network
7200-522: The United States on January 1, 1997. LLCs are subject to fewer regulations than traditional corporations, and thus may allow members to create a more flexible management structure than is possible with other corporate forms. As long as the LLC remains within the confines of state law, the operating agreement is responsible for the flexibility the members of the LLC have in deciding how their LLC will be governed. State statutes typically provide automatic or "default" rules for how an LLC will be governed unless
7320-494: The United States, as well as selected cities in China, Australia, South Africa and New Zealand. In 2012, Envision EMI merged with LeadAmerica and rebranded itself as Envision Experience. The company's current officers are Duncan Young, CEO, Don Neff, CFO, Andrew Potter, CAO, and Lauren Freyfield, CMO Envision's programs have been accredited by the International Association for Continuing Education and Training (IACET),
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#17328590843377440-420: The United States, is sometimes different. When an LLC is formed, it is said to be "organized", not "incorporated" or "chartered", and its founding document is likewise known as its " articles of organization ", instead of its " articles of incorporation " or its "corporate charter". Internal operations of an LLC are further governed by its " operating agreement ". An owner of an LLC is called a "member", rather than
7560-460: The Washington, DC area, students have the option of either focusing on law or forensic science. An eight-day program for students in grades 9 - 11 who are interested in exploring careers in engineering. For 2019, the program will be held at the University of California, Berkeley and Georgia Tech . A ten-day program for students in grades 9 - 12 who are interested in a career in law. Held in collaboration with Stanford Law School , students stay on
7680-563: The actual number of attendees until they arrived. A former employee of Envision, Angie Peltzer, returned as a faculty adviser during the Presidential Youth Inaugural Conferences and said she believed the company was unprepared to handle the number of students. "It's hard to do 15,000 people when you've only done 500 before," Peltzer said. Another student attendee said the invitation gave her the impression "that there would be less people and it would be more intimate." She
7800-413: The aforementioned Motor Trend -branded network were described as being examples of this strategy. Food Network Kitchen would also launch in 2019, with a focus on live and on-demand cooking classes. In June 2018, Discovery announced a 12-year agreement to acquire the international media rights to the PGA Tour , with plans to develop an international streaming service to house these rights. The service
7920-416: The assets of the Congressional Youth Leadership Council, including its name and the rights to run all of the programs. By 2009, the company was hosting more than 56,000 students in 273 conferences in the United States, China, and Australia focusing on career education and qualities of leadership. The week-long programs ranged from $ 1,440 to more than $ 3,060. Students were encouraged to raise money to help fund
8040-738: The campus of George Mason University , the program allows students to select one of three unique tracks and includes a visit to the Virginia Serious Game Institute . During Envision programs, students are given the opportunity to learn and exchange ideas with business leaders, politicians, lobbyists, journalists, diplomats and academics. Previous Envision speakers include: Students can be nominated or apply to participate in Envision's programs. Teachers, guidance counselors, youth organization advisers, participating institutions, and alumni can nominate students. Students can also apply to attend
8160-542: The campus of Johns Hopkins University and participate in workshops and simulations that expose them to careers in medicine and health care, including a virtual reality surgery. A ten-day program for students in grades 9 -12 who are interested in a career in emergency medicine. The program is held on the campus of Stanford University and conducted in collaboration with Stanford Medicine. Students who attend receive instruction from Stanford Medicine faculty. A twelve-day program for students in grades 9 -12 who are interested in
8280-587: The classification of unincorporated business associations for the purpose of U.S. federal income tax law was governed by the " Kintner regulations", which were named after the prevailing taxpayer in the 1954 legal precedent of that name. As promulgated by the Internal Revenue Service (IRS) in 1960, the Kintner regulations set forth a complex six-factor test for determining whether such business associations would be taxed as corporations or partnerships. Some of these factors had equal significance, so that
8400-484: The combined companies had over 200 staff members and annual revenues of over US$ 75 million, with over 47,000 students from fourth grade through college attended Envision programs around the world. In 2007, Envision EMI acquired the assets of the Congressional Youth Leadership Conference and the National Youth Leadership Forum. According to the 2008 IRS filing for one of its subsidiary programs,
8520-528: The company has collaborated with several national universities, including Stanford University for its Advanced Emergency Medicine, and Intensive Law & Trial programs, Rice University for the Rice University Aerospace & Aviation Academy, and George Mason University for its Game & Technology Academy. The company is based in Vienna, Virginia and offers programs in a number of cities across
8640-584: The company's Series C common stock on or about August 6, 2014. In November 2014, Curiosity was spun out as a venture-funded startup , receiving $ 6 million in funding. In November 2015, Discovery Communications and Liberty Global paid approximately $ 195 million for a 3.4% stake in Lionsgate Entertainment with Discovery CEO David Zaslav joining the Lionsgate board of directors as part of the acquisition. In December 2015, Discovery launched Discovery Go,
8760-553: The company's reach into digital media . He described these goals as reflecting an expansion into becoming a "content company" rather than just a "cable company". In March 2007, Discovery sold its stake in Travel Channel back to Cox Communications , in exchange for the stake in Discovery that Cox owned. Cox would later sell the controlling interest in the channel to Scripps Networks Interactive in 2009. In June 2008, Discovery Home
8880-475: The court approved the settlement over the objection of 22 state attorneys general. He also wrote that class members are forced to help Envision EMI stay in business and are compelled to deal with the same firm that failed to deliver the initial conference for which they paid more than $ 2,300 to attend. Limited liability company A limited liability company ( LLC ) is the United States -specific form of
9000-449: The crime a terrorist attack . The incident began at 1:00 p.m. ET , when the 43-year-old Lee entered the building with two starter pistols and fired a single round at the ceiling of the lobby. The Montgomery County Police Department (MCPD) confirmed that Lee had an explosive device and was holding three people hostage in the lobby. The building was placed on lockdown and most of the 1,500 employees were evacuated. Children from
9120-559: The cultural add-on is a relaxed follow-up program that consists of visiting the sights of the conference location. A nine-day program for students in grades 9 -11 who are interested in exploring careers in medicine. For 2019, the program will be held at nine college campuses, including the University of California - Berkeley , Emory University , Washington University in St. Louis , and the University of California - Los Angeles . A ten-day program for students in grades 9 - 11, where students stay on
9240-558: The false heroics behind those actions ". His manifesto also railed against "immigration pollution and anchor baby filth", leading commentators such as Mark Potok of the Southern Poverty Law Center to decry Lee as an " eco-fascist ". Lee's opinions were dominated by Malthusian analysis, though he also cited works ranging from Daniel Quinn 's novel My Ishmael to former U.S. Vice President Al Gore 's documentary An Inconvenient Truth . The Washington Post credited
9360-402: The families' inquiries as quickly as possible." On May 13, 2009, the law firms Hausfeld LLP and DiMuroGinsberg PC filed a class action lawsuit, Radosti v. Envision EMI, LLC . The plaintiffs filed suit against Envision and CYLC citing breach of contract, negligent misrepresentation, and violations of state consumer protection laws. According to the lawsuit, delegates were told they would attend
9480-565: The forum on Law & CSI. In 1998, National Capital Resources was renamed as Envision EMI, and one year later, CYLC held its first international program, the Global Young Leaders Conference (GYLC). By 2003, CYLC and NYLF had added the International Scholar Laureate Program for college-aged students and the Junior National Young Leaders Conference (JrNYLC) for middle school students. As of 2006,
9600-507: The implied covenant of good faith and fair dealing). Under 6 Del. C. Section 18-101(7), a Delaware LLC operating agreement can be written, oral or implied. It sets forth member capital contributions, ownership percentages, and management structure. Like a prenuptial agreement, an operating agreement can avoid future disputes between members by addressing buy-out rights, valuation formulas, and transfer restrictions. The written LLC operating agreement should be signed by all of its members. Like
9720-421: The members) or as an S corporation (entity level income and loss passes through to the members). Some commentators have recommended an LLC taxed as an S-corporation as the best possible small business structure. It combines the simplicity and flexibility of an LLC with the tax benefits of an S-corporation (self-employment tax savings). Some legal scholars argue that corporate income taxes are intended to limit
9840-647: The merger was approved by the Brazilian antitrust regulator Cade . It was approved by the United States Department of Justice two days later. The transaction was approved by Discovery shareholders on March 11, and formally completed on April 8, 2022. On September 1, 2010, the Discovery headquarters were the site of a hostage taking; a lone gunman identified as James J. Lee ( c. 1967 – September 1, 2010), armed with two starter pistols and an explosive device , took three people hostage inside of
9960-537: The mobile gaming studio Playdemic from WBIE for US$ 1.4 billion in the same month. In September 2021, Fox Corporation acquired TMZ from WarnerMedia in a deal worth about $ 50 million with TMZ being operated under the Fox Entertainment division. In November 2021, Discovery and WarnerMedia discussed a plan to combine the two streaming services, HBO Max and Discovery+ , into one streaming service in two phases: an initial phase that allows for quick bundling of
10080-409: The more well-heeled families—that college-admission officials usually just yawn when they spot an Envision program on an application." Among college students, Susan Garrity Ardizzoni, Director of Undergraduate Admissions at Tufts University , reported that some students who receive invitations are not what she would consider "leadership material." Patrick O'Connor, the director of college counseling at
10200-465: The most amazing stories to life, with Discovery's global brand that has always stood brightly for integrity, innovation and inspiration". On June 7, 2021, Discovery announced that it would divest Great American Country to GAC Media , a new Fort Worth-based investment group led by Tom Hicks and former Crown Media Holdings CEO Bill Abbott . Electronic Arts , who were a bidder in the proposed sale of Warner Bros. Interactive Entertainment , purchased
10320-584: The network and Discovery through 2025. Harpo Productions retains a "significant minority stake" in the venture. In February 2018, Discovery sold a majority stake in Discovery Education to the private equity firm Francisco Partners. During its 2018 upfronts, Zaslav stated that the company was now strongly focused on serving "passionate fans and passionate audiences", and was preparing to increase its focus on direct-to-consumer offerings targeting such audiences. The SNI purchase, Eurosport's Olympics rights, and
10440-400: The operating agreement provides otherwise, as permitted by statute in the state where the LLC was organized. The limited liability company has grown to become one of the most prevalent business forms in the United States. Even the use of a single member LLC affords greater protection for the assets of the member, as compared to operating as an unincorporated entity. Effective August 1, 2013,
10560-560: The power of corporations and to offset the legal benefits corporations enjoy, such as limited liability for their investors. There is concern that LLCs, by combining limited liability with no entity-level taxation, could contribute to excessive risk-taking and harm to third parties. Although there is no statutory requirement for an operating agreement in most jurisdictions, members of a multiple member LLC who operate without one may encounter problems. Unlike state laws regarding stock corporations, which are very well developed and provide for
10680-634: The presence of only half of them would result in classification as a partnership. Accordingly, the Wyoming Legislature tailored its statute to grant LLCs particular corporate features without exceeding this threshold. For several years, other states were slow to adopt the LLC form because it was unclear how the IRS and courts would apply the Kintner regulations to it. After the IRS finally decided in 1988 in Revenue Ruling 88-76 that Wyoming LLCs were taxable as partnerships, other states began to take
10800-403: The primary characteristic it shares with a partnership is the availability of pass-through income taxation . As a business entity, an LLC is often more flexible than a corporation and may be well-suited for companies with a single owner. Although LLCs and corporations both possess some analogous features, the basic terminology commonly associated with each type of legal entity, at least within
10920-540: The programs here "...during which you will write two short essays and provide the name of a mentor – teacher, guidance counselor, coach, etc. – who can speak to your achievements and maturity, and who may be contacted to offer supporting information for your application.” The company seeks attendees who have a 3.0 or higher GPA, demonstrated leadership potential through extracurricular activities, and provide two short, written essays on their career goals. It also accepts applications from students with lower GPAs if they provide
11040-615: The programs of the company's three closest competitors combined, and it planned to offer 310 conferences in 2010. Most of the programs were attended by 150 to 400 students. Envision programs are offered students as young as third grade and as old as rising college seniors, with middle and elementary school programs focusing on STEM exploration and leadership development and high school programs focusing more on career exploration. A six-day program for students in grades 3 - 5 that introduces them STEM applications and leadership skills. Students also participate in an emergency medicine simulation that
11160-414: The purchase, Discovery described itself as serving members of "passionate" audiences, and also placed a focus on streaming services built around its properties. Discovery owned or had interests in local versions of its channel brands in international markets, in addition to its other major regional operations such as Eurosport (a pan-European group of sports channels, most prominently the rightsholder of
11280-470: The same month of that year, Discovery Communications announced a special dividend of shares of the company's Series C common stock payable to holders of record of the company's Series A common stock, Series B common stock and Series C common stock as of the close of business on July 28, 2014. As a result of the dividend, each holder of a share of the company's Series A common stock, Series B common stock or Series C common stock will receive one additional share of
11400-575: The services and a second phase that allows for a common service on one tech platform. In the same month, it was announced that Discovery will rename itself Warner Bros. Discovery and reclassify and convert its stock into stock of WBD. On December 22, 2021, it was announced that the transaction was approved by the European Commission and it is expected to be completed in mid-2022, subject to approval by Discovery shareholders and additional closing conditions. On January 5, 2022, The Wall Street Journal reported that WarnerMedia and Paramount Global (at
11520-410: The situation, an LLC may elect to use corporate tax rules instead of being treated as a partnership, and, under certain circumstances, LLCs may be organized as not-for-profit. In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services , may not be allowed to form an LLC but may be required to form
11640-571: The six former Scripps channels, and Discovery's other lifestyle networks. Rich Ross , who formerly served as group president of Discovery and Science, stepped down, and would be replaced by TLC president Nancy Daniels as chief brand officer of Discovery & Factual. An on-air result of the acquisition were multiple programs featuring crossovers between TLC and Scripps talent, such as the Food Network series Buddy vs. Duff (a cake design competition series starring Buddy Valastro and Duff Goldman of
11760-461: The spin-off. Zaslav will lead the new company. He stated that the new company's goal would be to "[tell] the most amazing stories and have a ton of fun doing it", and emphasized that the two companies spend over $ 20 billion annually on content (outpacing Disney , Netflix and even Amazon ). The company will aim to expand their streaming services (which includes WarnerMedia's HBO Max ) to reach 400 million global subscribers. On June 1, 2021, it
11880-480: The student's name, address, school year and sex. Many high school students believe that attending one of Envisions' conferences is an honor and that their participation will positively affect their chances for college admission. CollegeConfidential.com, written by professional college admission counselors, reports that "Too many students are invited to take part to make this a truly selective organization, and so many college candidates do take part—especially those from
12000-572: The summer of 2018, the company offered 17 different career, leadership, and technology programs at 35 different locations across the United States and world, including programs in China, Australia, South Africa, and New Zealand. Envision offers career exploration programs in the following fields: Medicine, Law, Engineering, Business, National Security, and Game Design. The company also offers high school and middle school leadership programs, as well as early STEM exploration for middle and elementary school students. Additionally, every four years, coinciding with
12120-542: The thousands of students" to "witness first-hand the Inauguration of the 44th President of the United States. Some students who had attended prior Envision events were surprised by the number of participants. One alumni of prior Envision conferences said she did not expect to be among 5,000 university students and 10,000 middle school and high school students at the conference. Prior conferences she had attended had around 200 to 400 students. Envision did not tell participants
12240-431: The time known as ViacomCBS) were exploring a possible sale of either a majority stake or all of The CW , and that Nexstar Media Group (which became The CW's largest affiliate group when it acquired former WB co-owner Tribune Broadcasting in 2019) was considered a leading bidder. The news led to speculation that, should a sale take place, new ownership could steer the network in a new direction, transforming The CW from
12360-495: The trip. The programs are marketed as conferences that help scholars develop their leadership and educational skills. The company strives through its marketing efforts to reach students it describes as high-achievers. In October 2011, substantially all the assets of Envision EMI, LLC were acquired by Leadership Platform Acquisition Corporation (LPAC), an newly formed affiliate of Gryphon Investors, which describes itself as "a highly respected San Francisco based private equity firm with
12480-683: The tuition cost for the Presidential Inaugural conference. To provide a marketplace for the transferable vouchers, Envision agreed to maintain a web page describing how the vouchers can be transferred and redeemed. If Envision fails to distribute vouchers totaling at least US$ 8,000,000, it agreed to establish a Class Settlement Scholarship Fund that may be used to provide partial or total scholarships to "academically qualified applicants." The Fund may also distribute an additional 5% of scholarships to other youth organizations to give to their members so they may attend Envision programs. As of March 2015,
12600-555: The venture; it will not include TEN's print brands, but there will be opportunities for cross-promotion. In April 2018, it was announced that TEN had been renamed Motor Trend Group , and that Velocity would be re-branded as an extension of its namesake magazine Motor Trend . In December 2017, Discovery announced that it would acquire an additional 24.5% stake in OWN that it did not already own, for $ 70 million. Oprah Winfrey will remain as CEO of OWN, and extended her exclusivity agreement with
12720-520: The voucher web site page was no longer available. In an amicus curiae brief filed with the United States Supreme Court, Theodore H. Frank of the public-interest law firm Center for Class Action Fairness stated that there is a likelihood that "class members will not be able to use their coupons to attend the conference of their choice, given that only 10% of seats at any given conference will be allowed to redeem coupons." He noted that
12840-409: The vouchers to individuals who meet Envision's academic qualifications, including a demonstrated grade point average of 3.5 or higher. The judge who approved the settlement noted that the cy pres fund established by the settlement agreement—if properly administered—will ensure that Envision substantially disgorges the profits from its alleged misconduct. The vouchers are worth approximately 50% of
12960-499: Was an American multinational mass media factual television conglomerate based in New York City . Established in 1982, the company operated a group of factual and lifestyle television brands, such as the namesake Discovery Channel , Animal Planet , Science Channel , and TLC . In 2018, the company acquired Scripps Networks Interactive , adding networks such as Food Network , HGTV , and Travel Channel to its portfolio. Since
13080-403: Was announced that the merged company would be known as Warner Bros. Discovery , and an interim wordmark was unveiled with the tagline "The stuff dreams are made from"—a line from the 1941 Warner Bros. film The Maltese Falcon . Zaslav stated that the name would reflect "the combination of Warner Bros.' fabled hundred-year legacy of creative, authentic storytelling and taking bold risks to bring
13200-463: Was closed in favor of the local version of Food Network. On May 13, 2019, Discovery announced that it would acquire Golf Digest from Condé Nast to integrate into its Discovery Golf division. In March 2020, Discovery began to deploy a new direct-to-consumer brand known as Discovery+ , initially in India, which would focus on content from across its factual and lifestyle television brands, as well as
13320-463: Was created in collaboration with Dr. Paul Auerbach , a professor at Stanford Medicine. For the summer of 2019, the program will be held at over 18 locations across the United States. A six-day program for students in grade 6 - 8 that allows them to explore careers in Medicine, Engineering, Robotics, and Forensic Science. The theme of the program is "Mission to Mars." During the program, students hear from
13440-405: Was given six months of supervised probation and fined $ 500 after he was arrested during a protest outside the Discovery Communications headquarters. Lee had published criticisms of the network in an online manifesto at Savetheplanetprotest.com, among which was a demand for the company to cease the broadcasting of television series displaying or encouraging the birth of " parasitic human infants and
13560-584: Was officially announced in October 2018 as GolfTV , with Eurosport executive vice president Alex Kaplan named the president and general manager of Discovery Golf. Former Amazon executive Peter Faricy, who was named Discovery's chief executive of global direct-to-consumer operations in August 2018, considered GolfTV consistent with the aforementioned strategy, as golf was one of several sports "where people's passions and their interest in participating and learning more becomes
13680-521: Was originally scheduled to launch on October 4, 2020, but it was postponed to 2021 due to the COVID-19 pandemic in the United States . It was also announced that Fixer Upper would be revived for the new channel. In January 2019, Discovery increased its ownership of Play Sports Group, operator of the YouTube channel Global Cycling Network , to 71%. Discovery previously acquired a 20% share in 2017. The group
13800-444: Was relaunched as Velocity , a new "upscale male" network focusing on automotive programming. On May 26, 2012, Planet Green (which had begun to abandon its original concept in 2010 due to poor viewership) was relaunched as Destination America . In January 2014, Discovery launched Curiosity , a website that aggregates online education content. In April 2014, Discovery made an investment and strategic partnership with Dog TV ,
13920-533: Was renamed Discovery Communications. In October 1996, Discovery launched several new spin-off networks, including Animal Planet , and the digital cable channels Discovery Kids , Discovery Travel & Living , Discovery Civilization , and Science Channel . This was followed by the 1997 purchase of a 70% stake in Travel Channel , and the 1998 launches of Discovery en Español , Discovery Wings , and Discovery Health Channel . Also in 1998, Discovery acquired
14040-431: Was replaced by Planet Green , a network devoted primarily to environmentalism and sustainable living . In 2007, according to Crunchbase , TreeHugger was acquired by Discovery Communications on August 1, 2007, for $ 10 million. In 2012, Mother Nature Network , founded by Joel Babbit and Chuck Leavell (now Narrative Content Group) acquired TreeHugger. On January 15, 2008, Discovery announced that it had entered into
14160-423: Was reported that AT&T had elected to structure the merger as a spin-off of WarnerMedia, followed by a merger with Discovery Inc. to form the new company. The company had been contemplating structuring the transaction as a split-off (under which AT&T shareholders would be given the option as to whether to exchange their shares for those of the new company, rather than receive them pro rata ). On February 7,
14280-548: Was still under the direction of Richard Rossi, the company's co-founder and the current President and Executive Director of the National Leadership Academies, the company attracted over 15,000 youth to events related to President Barack Obama's inauguration but was unable to fulfill the promises it made in its promotional materials. It settled a lawsuit, promising to pay out up to $ 17 million in vouchers to event attendees. In 2008, some program materials stated that
14400-408: Was surprised by the numbers who attended. The program web site stated that the conference included "exclusive and private inaugural events and activities... as well as public ceremonial events, such as the official swearing-in ceremony and the inaugural parade." Parents began to file complaints with the company. As a result, the company pledged an independent review headed by Benjamin R. Civiletti ,
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