Sinclair Broadcast Group has agreed to sell 43 radio stations to Entercom Communications for a tidy $821.5 million in cash.
Clear Channel Communications said Monday that its net income for the quarter ended in June soared to $106.5 million, or 33¢ a share, from $28 million the year before.
Cox Radio's net income soared more than fivefold in its latest quarter to $32.7 million due to a hefty $24 million gain on the sale of radio stations in Syracuse, N.Y.
MGM Inc.'s shares stole higher Monday in a soft stock market as one Wall Street analyst recommended the stock as a "strong buy," a rating the beleaguered studio probably hasn't seen in a quite some…
A swinging box office for the King of the Jungle couldn't avert a dip in the Walt Disney Co.'s quarterly profits, squeezed by weak merchandising and licensing results and higher TV production costs.
Investors pumped cash into independent cabler Insight Communications Co. on Wednesday as the company's shares jumped 27% on their first day of trading to close at $30.88.
Viacom Inc. said Monday that it plans to sell 31 million shares, or 17.7%, of its Blockbuster unit to the public at an estimated offering price of between $16 and $18 a share.
Viacom Inc. posted strong gains in second-quarter earnings Monday despite a tough comparison in film after last year's huge cash injection from "Titanic."