Congress is pressuring the FCC to reinstate the fairness doctrine, which required broadcasters to air both sides of a controversial issue. The rule was repealed in 1987.
SFX Broadcasting said it will acquire radio station WYHY-FM in Nashville, Tenn., from Legacy Broadcasting Partners of Nashville LP.
Billionaire financier George Soros said Monday he is "in active negotiations" to buy the archives and research unit of U.S.-funded Radio Free Europe, but denied he plans to buy the radio station…
Euro Disney's key bankers and the Walt Disney Co. have agreed to back a rescue package believed to be worth around 13 billion French francs ($ 2.2 billion), likely ending a months-long stalemate over…
Subscriber and advertising revenue gains helped BET Holdings Inc. best Wall Street estimates with second-quarter earnings of $ 4.3 million or 21 cents per share, up more than 28% over the prior year.
Australian entertainment group Village Roadshow Ltd. boosted after-tax operating profit by 147% to $ A9.06 million ($ 6.34 million) in the half-year to last December.
Jack Nicholson has settled a civil lawsuit with a motorist who accused the movie star of smashing his car windshield with a golf club during an altercation.
The giant Euro Disney theme park will post more losses in fiscal 1993-94, even if the park's bankers and the Walt Disney Co. come to a refinancing agreement.
Seagram Co. continues to slake its thirst for Time Warner, buying somewhere between 3 million and 4 million shares in the past week alone, market sources estimated. Time Warner shares closed Friday…
Kushner-Locke Co. raised $ 16.1 million in a convertible bond offering to pay for TV production and build its motion picture business, among other items.