Optus Communications pink-slipped more than 100 people and announced a senior management reshuffle at its loss-making pay TV unit Optus Vision Tuesday.
Ballantyne of Omaha Inc.'s parent company, ARC Intl. Corp., plans to sell about half its stake in the projection equipment manufacturer to raise money, it said Tuesday.
SUBSCRIBE TO VARIETY TODAY.
An L.A. Superior Court judge let stand last month's $9.8 million jury award to producer-director Ron Shelton over profits to 20th Century Fox's "White Men Can't Jump" and denied the studio's request…
Stock in International Family Entertainment Inc. jumped $1.37 to $27 Tuesday on reports that Walt Disney Co. had joined News Corp. in bidding for the company.
Claiming it owns the recording contract to hugely successful rock act No Doubt, Trauma Records has filed a $100 million lawsuit against Interscope Records, its distributor. Trauma also seeks to have…
Evergreen Media Corp. is to raise $193 million in a placement of preferred stock to help finance its $1.075 billion acquisition of Viacom Inc.'s radio station group, the company said Tuesday.
With Reed Hundt's resignation official, it's time to handicap the front-runners to replace him as FCC chairman.
Sega Enterprises and toymaker Bandai said Tuesday they will cancel a planned merger that would have created Japan's largest game company.
In a ruling which could limit the scope of influence managers have in committing their clients to projects, an L.A. Superior Court judge ruled a valid contract did not exist when actress Pamela…
Although a jury found Miller Brewing unlawfully used the Spin Doctors hit "Two Princes" for a commercial, the group has reached a confidential settlement with the company.
Reed Hundt, arguably the most influential FCC chairman in the agency's 60-year history, announced Tuesday that he will step down as soon as the White House can find a replacement.