Gaylord Broadcasting Co. and ABRY Communications have signed a letter of intent to jointly operate WVTV, Gaylord's indie station in Milwaukee.
Dow Jones News Service
Cablevision Systems Corp.'s V Cable unit completed the purchase of a 20% stake in U.S. Cable Television Group.
Intl. Family Entertainment Inc. said it will extend to Jan. 21 its offer for preference shares of U.K.-based TVS Entertainment PLC.
QVC Network Inc. said 12 of its 14 warrantholders have accepted its offer to exchange QVC warrants into the company's common shares.
Home Shopping Network Inc. said it completed the spin-off of its Silver King Communications Inc. unit to Home Shopping shareholders in a pro rata stock dividend.
Loews Corp. will redeem Feb. 1, 1993, all $ 200 million of its outstanding 10 % subordinated notes due 1996 at a redemption price of 100% of principal amount.
Carmike Cinemas Inc. has filed an application to list its common stock on the New York Stock Exchange.
Blockbuster Entertainment Corp.'s joint venture with Virgin Retail Group Ltd. won't dilute the retailer's earnings, according to Blockbuster chairman and chief exec Wayne Huizenga.
Carolco Pictures Inc. said it didn't make its interest payment due yesterday on its 10% convertible subordinated debentures due 2006.