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USA Nets’ profits up

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Barry Diller's USA Networks boosted its fourth-quarter net profit to $50 million from $3 million, the company said Thursday, due mainly to a $109 million onetime gain on the merger of Ticketmaster…

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Lantos hit with suit

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Izzy Asper, one of Canada's most powerful media moguls, has launched a C$7 million ($4.6 million) libel suit against Alliance Communications founder Robert Lantos. The suit, which Asper's lawyer Mark…

The old-fashioned way

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A funny thing's happening in the rush to new media: Old media's getting richer. A lot richer, to hear Mel Karmazin tell it. "We're seeing new advertisers come into all of radio," the CEO of CBS Corp…

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