MGM shares roared Tuesday, jumping 30% after the Lion put a nasty squeeze on short sellers who have been pushing its stock lower in recent months.
Martin Davis, former media baron and chairman of Paramount Communications, died of a heart attack Monday evening in New York City. He was 72.
TV Guide, a former News Corp. holding, has been sold for $9.2 billion in stock to high-tech group Gemstar Intl., a fierce competitor on the electronic TV listings front, TV Guide said Monday.
Clear Channel Communications Monday agreed to buy AMFM Inc. in a $23.5 billion all-stock deal that will create the nation's largest radio company.
Artisan Entertainment will audition a queue of hopeful investment bankers today as it seeks an underwriter for an initial public stock offering.
MTV and MGM announced an international marketing partnership Wednesday to support the Lion's latest James Bond film, "The World Is Not Enough," set for release Nov. 19.
James Murdoch has been named executive VP of News Corp., the company announced Wednesday.
AMC Entertainment announced layoffs and a major restructuring Wednesday, making it the latest in a string of exhibitors scrambling to boost profits and slash spending.
SFX Entertainment named ad exec Richard Lobel to the new post of senior VP, marketing and media communications on Wednesday.
SFX Entertainment said Wednesday that it has agreed to acquire leading basketball and baseball talent-representation firm Tellem & Associates. Price wasn't disclosed.