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ITT seals MSG stake sale

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NEW YORK (Reuters) — ITT Corp. said Wednesday it has signed a definitive agreement to sell its 50% stake in Madison Square Garden to its partner, Cablevision Systems Corp., for $650 million, and it…

NONCONFORMIST

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LONDON — No one should have been surprised at the controversy that greeted Milos Forman’s “The People vs. Larry Flynt” — least of all Forman. Bombarded by accusations that the pic whitewashed a…

CROWING OVER CABLE

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NEW YORK — Better-than-expected growth in cable programming and cable systems helped Time Warner shrink its net loss and post a 17% increase in earnings before taxes, interest and other charges to…

HIGH-TECH HOLLYWOOD

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So what exactly is the significance of last week’s announcement by Microsoft that it would pay $425 million for WebTV Networks, a company whose system allows users to receive and send e-mail and surf…

Corrections

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Nora Reynolds was a production exec at MGM. The company’s name was wrong in a story Wednesday. * Ben Affleck wrote “Good Will Hunting” with Matt Damon for Miramax Films. His name was omitted from…

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