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Fueling up for kids

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Nickelodeon will launch a digital spinoff channel called Nickelodeon GAS — Games and Sports for Kids — in the first quarter, the kids cabler said Tuesday.

Multivision ankling GLA

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Hughes-led DTH player Galaxy Latin America has confirmed an ownership reshuffle that sees Mexican partner MVS Multivision ankling the consortium.

Merged and mowed

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Alliance Atlantis Communications said Monday it will will lay off approximately 15% of its staff as a result of the merger of Alliance and Atlantis, and Alliance Atlantis executives expect the one-time cash costs of the overall restructuring for the Canadian company to be approximately C$50 million ($32 million).

CBS to offer less Infinity

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CBS plans to sell just 16.2% of its radio and outdoor spinoff Infinity Media Corp. to the public in an initial public offering expected to raise $3 billion, it said in an SEC filing Monday.

BSkyB reports profit loss

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BSkyB’s first quarter results have been hit by the launch of its digital platform, with pre-tax profits slipping to £52 million ($87.2 million) from $103.2 million in the same period last year.

Radio revs up 15% for September

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Radio extended its string of monthly revenue gains to 73 with its announcement Monday that local and national ad sales combined in September to produce a 15% gain for the medium.

Ascending ‘Angels’

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France’s “The Dreamlife of Angels” leads the pack with three nominations in this year’s European Film Awards. Five other features came in with two each.