Cable operators blasted the FCC's 3-0 decision Tuesday to cut cable TV rates another 7% -- on top of last year's 10% cut -- saying such action would further slow growth in the industry.
Turner Broadcasting System's fourth-quarter net profits dropped 67% to $ 10 million or 4 cents per share after a $ 5 million charge for debt retirement. Revenues slipped 0.6% to $ 535 million.
Cable TV operators crying foul over further FCC price rollbacks can take this for solace: Had chairman Reed Hundt had his way, it would have been worse.
Michael Lambert is head of Station Partners Group. His affiliation was incorrect in Tuesday’s story about Ellis Communications’ acquisition of Raycom Inc.
Concept Communications Inc., the TV production company with ties to Rev. Sun Myung Moon's Unification Church, has apparently taken control of Nostalgia Network Inc., the struggling cable channel.
Matsushita Electric Industrial Co. posted lower third-quarter earnings and revenues as consumer demand for its gadgets continued to wane and a strong yen kept its products too expensive in overseas…
The University of Southern California, hoping to place more of its business students with entertainment companies, announced Friday the start of several core classes about financing, marketing and…
KPMG Peat Marwick execs finally handed over their independent audit of Euro Disney Monday, providing a small shot in the arm for the financially troubled theme park.
Spy, the irreverent monthly that gave new meaning to the journalistic principle of afflicting the comfortable, is throwing in the towel after several failed attempts to find a buyer.
The Federal Communications Commission will vote today to cut cable TV rates beyond the industrywide average 10% rollbacks adopted last year.