Features

  • TV

HEARST JOINS THE FRENZY

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Add Hearst Corp. to the growing list of broadcasters spending big bucks to expand their station group. The New York-based group owner of NBC affiliate WBAL Baltimore and ABC affiliates WCVB Boston…

  • TV

BET buys back cable stake

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BET Holdings, parent company of Black Entertainment Television, bought back Time Warner’s 15% stake in the cable network company for $58 million. News of the buyback, announced by BET Nov. 2, sent…

  • TV

Viacom growth slows

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Viacom Inc.’s cash flow growth slowed sharply in the third quarter to just 2.1%, producing cash flow of $710 million, as Paramount Pictures’ quarterly numbers fell back to earth from last year’s…

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