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Orion fuels Lion's loss

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Metro-Goldwyn-Mayer Inc.'s net loss jumped 32% to $18.6 million in the first quarter despite improved operating earnings driven largely by "Tomorrow Never Dies," the Lion said Tuesday.

EMI U.K. taps new prexy

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As part of a restructuring at EMI Records Group U.K., Tony Wadsworth, former managing director of Parlaphone Records, has been named prexy and CEO. He replaces Jean-Francois Cecillon, who ankled his…

Marketplace

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Business Briefs

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CBS Corp. moved a step closer to being a pure media and entertainment company Tuesday, agreeing to sell its telecom network, Westinghouse Commu-nications, to RSL Communications for $90 million in…

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World Briefs

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GERMANY Duesseldorf-based UFA Theater, Germany's largest theater chain, reported revenues of 360 million marks ($201 million) in 1997, an increase of $5.6 million over the previous year. During the…

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