Members of the Producers Guild of America have re-elected Kathleen Kennedy as prexy of the org for a two-year term. The PGA, which has been focused on the issue of credit proliferation, announced the…
Microsoft has pulled its three non-executive directors from the board of Telewest, a move that could signal future debt restructuring for the troubled U.K. cabler.
Viacom topper Sumner Redstone has been tapped media man of the year by the 49th Intl. Advertising Festival (aka the Cannes Lion Fest).
Standard & Poor's on Monday lowered its credit rating on some Adelphia bonds to "D" -- the lowest they can go -- after the cabler failed to make interest payments on the securities last week.
EchoStar was forbidden Monday from distributing over-the-air broadcasts from city to city after the Supreme Court refused to hear a 5-year-old case the satcaster lost on appeal.
Germany's Internationalmedia, parent of Intermedia, posted first-quarter revenues of 67 million euros ($62 million), compared with a total of $129 million for all of last year.
The Kirch Group is fighting satcaster BSkyB's attempt to execute its option for a £1.06 billion ($1.55 billion) refund in bankrupt Kirch Pay TV five months early, in a bid to delay the insolvency of…
A quintet of producer orgs have launched an assault on SAG in Cannes. Producer groups from Australia, Canada, Ireland, New Zealand and the U.K. targeted SAG's 3-week-old Global Rule One campaign…
Adelphia Communications disclosed Friday that it missed $44.7 million in interest payments, bringing it closer to the brink of bankruptcy, and said it was being investigated by two grand juries.
Corus Entertainment has acquired 50% of the Locomotion Channel, a Miami-based pay animation service for young adults in Spain, Portugal and Latin America.
French distrib Bac Majestic lost 13 million euros ($11.7 million) in 2001 and racked up only $29 million in the first trimester, forcing the company to issue a profit warning May 13. And execs…