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Loews eyes bidders

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Loews Cineplex Entertainment is close to a decision on the sale of 25 Gotham and Chicago theaters, with the final bidders including real estate developers, leveraged buyout firms and a small group of…

Marketplace

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Bertelsmann's profits up

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German media giant Bertelsmann AG will report flat sales of 22.4 billion marks ($12.5 billion) but a record operating profit of 1.73 billion marks ($963 million) for the 1997-98 business year…

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Nordic giants to unite

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Norwegian media giant Schibsted and European production and distribution outfit Endemol Entertainment plan to unite their TV production activities in a far-reaching strategic alliance in the Nordic…

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