Financial Briefs

Blockbuster Entertainment Corp. has completed its previously reported acquisition of Sound Warehouse and Music Plus, units of Shamrock Holdings of California Inc. Blockbuster said that in connection with the purchases it issued 4,142,051 common shares for the equity interests in the acquired businesses and paid about $ 119 million to retire certain outstanding long-term indebtedness of these businesses.

Turner Broadcasting System Inc. declared a regular quarterly cash dividend of $ 0.0125 for its class A and class B common shares, payable Dec. 17 to shareholders of record Dec. 1.

The company also said its class C convertible preferred shareholders will be entitled to an equivalent cash dividend of $ 0.075, based on the number of class B common shares receivable upon conversion.

Harmony Holdings Inc. said it has filed with the SEC to cut the exercise price of its publicly traded warrants from $ 4 to $ 3 for a 60-day period. Harmony said the period would begin on the effective date of the registration statement.

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