Financial Briefs

Grupo Televisa S.A. and Tele-Communications Inc. will not proceed with their proposed joint ventures in Mexico and other territories. As reported, in May the companies said they would join to provide cable TV to Mexico and other Latin American countries.

Graff Pay-Per-View Inc. announced Thursday that its shelf registration statement covering 2,971,430 shares owned by selling stockholders, 1,010,052 shares underlying warrants and 70,329 shares underlying convertible notes had been ordered effective by the Securities and Exchange Commission.

* * *

Blockbuster Ent. Corp. is comfortable with analysts’ earnings projections of 32 cents a share for the fourth quarter ending Dec. 31, according to Gregory K. Fairbanks, Blockbuster’s senior VP and chief financial officer. In the 1992 fourth quarter, the video-rental company and music retailer reported net income of $ 45 million, or 23 cents a share, on $ 398 million of revenue.

* * *

DC Comics plans to launch Superboy and Steel monthly comic series and a Supergirl miniseries this month. The Time Warner Inc. unit said the new comics are the largest single expansion in the Superman line of comics since the character was created in 1938. DC Comics said Superboy will be in comic-book stores on Wednesday and Steel will be available Dec. 29.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading