Westinghouse Electric Corp. expects to complete its $1.55 billion buyout of Gaylord Entertainment's cable networks Tuesday, following an IRS ruling that clears a final hurdle.
In his second day on the stand, Peter Hoffman defended himself against charges that he had disguised income as a loan, saying he would "not throw a hand grenade" into his carefully structured…
Stock in radio giant Chancellor Media Corp. leapt 12% on Wednesday after the company disclosed plans to start a national radio network to be headed by former ABC Radio Networks president David Kantor.
Universal Studios' parent Seagram Co. Ltd. dramatically ratcheted up its spending on stock repurchases in the past year, disclosing Wednesday it had spent $711 million to buy back stock, up from…
Paramount Pictures chairman Sherry Lansing hosted a fashionable fundraiser for Big Sisters of Los Angeles Tuesday night at Neiman Marcus' Beverly Hills store.
Peter Hoffman took the stand Wednesday in his criminal tax trial, offering an impassioned explanation of his careful compensation planning and how it went awry.
A Democratic member of the House Judiciary Committee suggested Wednesday that the Justice Dept. may want to look into a possible conspiracy between cable operators and programmers to keep telephone…
Long the tracking bible of the home techie, the annual sales charts and forecasts of the Consumer Electronics Manufacturers Assn. embraced this year such new technologies as DVD, PC/TV hybrids…
After a long morning of legal wrangling, former Carolco co-chairman Andy Vajna took the stand Tuesday in Peter Hoffman's criminal tax trial, where it was revealed that Vajna has loaned his former…
Viacom Inc. chairman Sumner Redstone's luck is showing no signs of improving. Viacom stock dropped 5% Tuesday after several Wall Street analysts cut their earnings estimates for the conglomerate's…