TV broadcaster Paxson Communications Corp. announced Monday it has hired Wall Street investment bank Salomon Smith Barney to explore a merger or sale of the company, which has just become a highly…
As Viacom prepares to spin off its Blockbuster video rental chain, it's pushing the IPO of a strong company with a big brand, a robust balance sheet and booming market share. And investors are…
Westwood One said Wednesday a strong showing from its Shadow Traffic division helped boost second-quarter net income by 19% to $4.8 million as revenue rose 5% to $66.3 million.
USA Networks Inc. said Wednesday it has promoted Roger Clark to vice president, investor relations.
Viacom said Tuesday that it has received a green light from the Internal Revenue Service for a tax-free sale of its full holding in Blockbuster anytime after Sept. 29.
Video retailer Hollywood Entertainment said Tuesday that revenue sharing and more stores helped narrow its net loss to $2.6 million in the second quarter from $3.9 million the year before. Revenues…
Vince McMahon's World Wrestling Federation Entertainment Inc. is jumping into the ring with Wall Street, filing Tuesday for an initial public offering to raise $173 million.
Fast-growing SFX Entertainment is launching into the European market, announcing Tuesday that it plans to acquire the U.K.'s Apollo Leisure Group in a deal worth $254 million.
CBS Corp. posted superb second-quarter results Monday as the TV network continues to gather steam and revenues mount at the company's radio and billboard business, Infinity Broadcasting.
Time Warner Inc. has promoted Barry Meyer to chairman and CEO of Warner Bros. and named Alan Horn his second-in-command. Monday's move ended weeks of intense speculation over the succession at the…