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…
When Marvel Entertainment was struggling to emerge from bankruptcy in 1998, Avi Arad stood before a group of bankers who were deciding the company's fate.
Domestic Film WEEKEND OF
PROVIDED BY: Box Office
300: Rise of an Empire
300: Rise of an Empire1Weekend:$45.1M
Mr. Peabody & Sherman
Mr. Peabody & Sherman2Weekend:$32.5M
Non-Stop3Weekend:$15.4M Universal Pictures