ANOTHER RICH DUDE EYEING SHOWBIZ ASSETS? Sony Corp. said today that Sony Pictures and Sony Music aren’t for sale after reports that U.S. hedge fund Third Point, led by billionaire Daniel Loeb, is seeking to spin off part of its movie and music business, the Wall Street Journal reports. "As President and CEO Kazuo Hirai has said repeatedly, the entertainment businesses are important contributors to Sony's growth and are not for sale, and we look forward to continuing constructive dialogue with our shareholders as we pursue our strategy," Sony said in a statement. "We are focused on creating shareholder value by executing on our plan to revitalize and grow the electronics business, while further strengthening the stable business foundations of the entertainment and financial service businesses." The N.Y. Times noted that Loeb visited Tokyo over the weekend to meet senior Sony executives and government officials, and that he delivered a letter to Hirai earlier today. While praising Hirai's efforts to turn around the struggling company, Loeb made some suggestions, including the spin-off. Sony said in its statement. Third Point holds a 6.5% stake in Sony, making it one of the largest shareholders. (5/14a)