Markets & Festivals

International Update

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The Lamb family has bought back Sydney radio station 2UE from Kerry Packer, owner of the Nine Network. The price paid by the Lambs’ Broadcast Investments is reported to be $A4.75 million ($3.7…

Viacom Cuts Losses

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Viacom Inc. dramatically cuts its losses for the first quarter to $3.68 million (or 3 ¢s; a share) from $17.08 million (16 ¢s;). Revenue for the period ended March 31 jumped 26% to $497.2 million, while…

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