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Seven up on Metromedia buy

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SYDNEY — The acquisition of Metromedia’s entertainment group will accelerate MGM’s plans for a public offering on the U.S. stock market, Seven Network exec chairman Kerry Stokes indicated Tuesday…

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MUSICAL CHEERS

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LONDON — Despite a slump in the North American music market, 1996 was a period of growth for the international music industry, with world sales up 5.5% to $39.8 billion on 4 billion units sold — up…

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