Sinclair Broadcast Group said Thursday that it finalized a deal to sell 46 radio stations and a stake in USA Digital Radio to Entercom Communications for $824.5 million.
Universal's recent hot run at the box office couldn't staunch the red ink at parent Seagram Co., which posted a net loss of $129 million in the fourth quarter ended in June.
Heavy spending for the launch of BSkyB digital TV in Great Britain tipped News Corp. into the red for the June quarter despite glowing numbers at its film and TV group, Fox Entertainment, the company…
Kushner-Locke Co. Tuesday said it swung to a hefty net profit of nearly $20 million in the latest quarter from a loss of $2 million the year before, due mainly to the spinoff of its 55%-owned…
Struggling Planet Hollywood Intl. on Tuesday announced plans to file for Chapter 11 bankruptcy during a restructuring it hopes will revitalize its business.
Paxson Communications Corp.'s $70.5 million write-off in the latest quarter to devalue its syndicated programming inventory looks a lot like a hasty effort to clean up its books ahead of a likely…
ABC said Tuesday its radio unit plans to buy Philadelphia station WWJZ-AM from Mt. Holly Radio.
-- News Ltd., the Australian arm of Rupert Murdoch's giant News Corp., said Monday it plans to launch a new local magazine unit called News Magazines Ltd.
Dutch publishing giant VNU is expanding further into the data delivery industry, with a $2.7 billion deal for Nielsen Media Research.
U.K. cabler NTL Inc. said Monday its revenue more than doubled in the second quarter to $360 million from $154 million the year before as higher costs widened the company's net loss more than…