The feds have it all wrong. When the Commerce Department issued a report earlier this year noting that Hollywood was truly a global industry, it missed the point that foreigners are, in a great part…
Rupert Murdoch may have had a wish granted yesterday. The Fox topper said an investment-grade rating from one of the large rating agencies was his dearest goal and he may have accomplished just that…
As talent agencies become more sophisticated in their financial analysis of the movie industry, "Talent is grabbing an even larger piece of the pie" of gross margins, 20th Century Fox president and…
Time Warner borrowed another $ 1 billion in debt in the capital markets yesterday, making it the biggest corporate borrower in the public markets so far this year.
As part of its drive to slash costs, debt-laden Westwood One has sold its WYNY-FM radio station. The company announced yesterday that it has signed a definitive agreement to sell its New York country…
It's raining red ink at Euro Disneyland, even though the sun is shining on coffers at its Walt Disney parent headquarters in Burbank.
Fox parent News Corp. looks as if it's about to follow Time Warner and TCI to the bond markets to restructure its balance sheet at lower interest rates.
Paramount shares jumped $ 3.50 yesterday to close at $ 46.13 on rumors that CBS is seeking to buy the media conglomerate.
In yet another move to get out from under its debt-ridden balance sheet, Time Warner announced yesterday that it will buy back 45 million shares of its Series D preferred stock for $ 2.5 billion.
NBC parent General Electric reported a 7% increase in earnings for 1992 to $ 4.725 billion ($ 5.51 per share) from $ 4.435 billion ($ 5.10 per share) in 1991.
Time Warner yesterday flooded the bond markets again with $ 1 billion worth of new debt for its second mammoth financing this year, taking advantage of the lower interest rate environment to…