Capital Cities/ABC Inc. yesterday announced that its recently established Capital Cities Capital unit had made its first investment: A $ 4.75 million stake in YES! Entertainment Corp., a new…
Goldman Sachs & Co. analyst Richard Simon lowered his investment rating on New Line Cinema Corp. to "market performer" from "trading buy."
Legislation was offered in Congress yesterday that would require tough health warnings be attached to beer and wine commercials, a proposal that drew the wrath of special interest groups ranging from…
Advances in technology are forcing the entertainment and computer companies to start poaching in each others' yard.
Shares in Thames TV, Britain's largest independent production company, were suspended yesterday pending an announcement concerning a proposed bid by media conglomerate Pearson.
Canal Plus, Europe's leading pay-TV group, has posted a 14.5% increase in net income for 1992. A company statement released yesterday said net income hit 1.1 billion francs ($ 197 million) and…
Following confirmation yesterday of its $ 40 million acquisition of "Pirate Radio" station KQLZ-FM from Westwood One, sources said Viacom Intl. may replace the outlet's hard-rock sound with a "young…
Kim Basinger and ICM are back in the news again, as the actress has re-signed as a client of the agency.
French bank Credit Lyonnais, owner of MGM, yesterday posted a consolidated net loss for 1992 of 765 million francs ($ 139 million).
The Supreme Court yesterday heard arguments on whether all companies providing a cable TV-like service to apartments and condominiums are exempt from obtaining franchises from local municipalities.
The state Supreme Court let stand a $ 2 million award to a former "Beverly Hillbillies" star who sued over the movie rights to the Madonna pop hit "Like a Virgin."