TV Azteca shareholders authorized a stock buy-back program, a four-for-one stock split and $3.3 million in preferred dividend payments, at an annual meeting held late last week.
FROM THE BIG PICTUREA feisty Sumner Redstone declared Tuesday that 1998 would "mark the revenge of the media companies" over their detractors, as the revitalized entertainment giants put financial…
In another move to bolster its presence in the black music marketplace, Epic Records Group has inked a long-term joint venture with Lance Rivera, forming Untertainment Records.
Jerry Springer not only reigns over households -- he's got the demographics, too, with his latenight wrestling 'n' raunchfest on KCAL dominating all of the key demos in Nielsen's February sweeps…
Indianapolis-based radio operator Emmis Broadcasting has struck a deal with Fox and USA Networks Inc. to buy their jointly owned SF Broadcasting station group for $307 million.
As it continues its run up the sales charts, the disc of Oscar-winning music from "Titanic" has become the sixth best selling soundtrack in history, with 9 million copies in print.
Management and production company 3 Arts Entertainment has added former studio executive Mark Schulman to its management team. Schulman will be responsible for guiding the careers of talent…
One of the most powerful communications attorneys in Washington told an audience of media executives that high-definition TV "will be the primary driving force in the development of digital…
Paxson Communications Corp. announced that it has sold WOAC, a television station serving the Cleveland, Ohio, market. The buyer is Shop at Home, which paid $23 million for the station.
FROM THE BIG PICTURECBS is a buyer of media assets, not a seller, said Mel Karmazin, chairman and CEO of CBS Station Group, at the Variety/Schroders Big Picture media conference Tuesday.
The Disney Channel's first spinoff cable network, Toon Disney, will launch on April 18, with at least 3 million subscribers.