Phyllis Redstone, the estranged wife of Viacom Chairman and CEO Sumner Redstone, will step down as a director of Viacom's parent company, National Amusements, lawyers for the divorcing couple said in…
USA Networks has appointed Brad Galinson to the position of director, strategic planning, and Stephen Mauri to associate director, the company said Friday.
Bertelsmann badly wants in on the U.S. broadcast business if the country would open its doors to foreigners, execs of the German media giant said Thursday.
The Walt Disney Co. named Sanford Litvack vice chairman of its board of directors Thursday in what industry insiders called a gesture of gratitude for his service to the company and especially for…
Scott Flanders has been appointed to oversee the merger between CDnow Inc. and Columbia House and will become chairman and CEO of the new company.
Shares of Sinclair Broadcast Group plummeted Wednesday as investors bailed at warnings of lower-than-expected cash flow and revenue.
Seagram Co. shares plunged Tuesday after several analysts predicted a fiscal first-quarter slowdown in the company's music business.
Sinclair Broadcast Group put Wall Street on notice Tuesday that a soft TV market means its cash flow and revenue for the second half of the year will be lower than anticipated.
HarperCollins Publishers announced Tuesday it is realigning its business, consolidating imprints and laying off 74 employees as a result of its summer merger with William Morrow & Co.
The New York Yankees and the New Jersey Nets are likely to announce their long-awaited merger within a week, a source close to the venture said.