Time Warner Inc. has taken a novel approach to selling off its stake in games maker Hasbro Inc.: It is taking its 14% stake in the game company and effectively turning it into notes for new…
News Corp. said it is offering to redeem all of the 180 outstanding preferred shares of two of its subsidiaries, News Preferred Finance Inc. and Newscorp Preference Ltd., at $ 1 million a share, or $…
The performance of advertising-driven media in the U.S. and the world should improve slightly in 1993 if the U.S. economy continues to strengthen.
Vicky Shapiro, the legal counsel for the Screen Actors Guild, has been chosen as the chairman of the unsecured creditor committee for Hemdale's financial restructuring.
Federal Communications Commission chairman Al Sikes is resigning his post Jan. 19, the day before Bill Clinton becomes president.
A federal court here yesterday delayed action on cable industry challenges to the new cable reregulation law until after the Clinton administration assumes office.
Metro-Goldwyn-Mayer and its owner, the French bank Credit Lyonnais, separately sued former MGM owner Kirk Kerkorian and other defendants for alleged fraud and breach of fiduciary duty in the sale of…
A Chicago court yesterday gave the Federal Communications Commission 120 days to devise new financial interest and syndication rules, but said that if the FCC fails to meet the deadline, the TV…
Tim Disney and members of Shamrock Holdings have snapped up controlling interest in Virtual World Entertainment Inc., a leading virtual reality entertainment company.
All American Communications Inc. has secured $ 6.5 million in new financing for its syndicated series "Baywatch," giving the operation enough cash to finish out its 1992-93 season, which totaled $ 19…
Blockbuster Entertainment Corp.'s joint venture with Virgin Retail Group Ltd. won't dilute the retailer's earnings, according to Blockbuster chairman and chief exec Wayne Huizenga.