News

  • Biz

Exec Shuffle

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Virgin Records has upped Ken Pedersen to exec VP of the label’s stateside operation. The industry vet will oversee Virgin’s finance, production and information technology arms. Pedersen also will…

  • Biz

Paxson expanding

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Homing in on his goal of 80%-plus household coverage by the August launch of his PaxNet web, Lowell "Bud" Paxson announced eight more station acquisitions Thursday. The Paxson Communications Corp…

From Feb. 6, 1998

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Frances McDormand, winner of last year's best actress Oscar, will be a presenter at the 70th Academy Awards telecast. It will be McDormand's first appearance to bestow one of the statuettes.

Marketplace

  • Film

Menken-Mouse Megadeal

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Just call it Menken mania. Eight-time Oscar winner Alan Menken -- composer on such animated hits as "Beauty and the Beast," "Aladdin," "The Hunchback of Notre Dame" and "Hercules" -- has inked a…

  • Film

Mandalay on move

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Canada's Lions Gate Entertainment Corp. is in serious negotiations to become the primary equity partner in Mandalay Entertainment, providing Peter Guber's company with between $300 million and $400…

  • Biz

Seagram sheds TW

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Seagram Co. Ltd. took advantage of Time Warner Inc.'s soaring stock price Thursday to sell another 15 million TW shares for $965 million, leaving Seagram with a stake of just 2% in the entertainment…

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