Staving off a foreclosure sale on his project, developer Robert Maguire of Maguire Partners said Wednesday that he had reached an agreement in principle with two major investment banks for the…
Bertelsmann AG will dilute its 50% share in CLT-Ufa, Europe's largest TV and radio house, in a deal bringing in German newspaper group Westdeutsche Allgemeine Zeitung (WAZ), it was confirmed Tuesday.
Canal Plus announced Wednesday that its board has given the greenlight for the Kirch Group to buy its 37.5% stake in German paybox Premiere.
Cinar Films, the Montreal-based kids TV producer, has inked a deal to acquire educational publisher Carson-Dellosa Publishing Co. of Greensboro, N.C., for $40.5 million.
Universal Studios will dramatically scale back its plans to create a destination resort on its sprawling hillside property in Universal City, eliminating a family-oriented theme park, slicing the…
Viacom Inc. completed the sale Wednesday of its radio station group to Evergreen Media Corp. and Chancellor Broadcasting Co. for $1.07 billion, giving Viacom cash to reduce its $9.7 billion debt…
ABC, CBS and NBC are expected to get a reprieve from federal regulators today that will allow the major webs to preempt their educational kidvid shows on Saturday mornings for live sports programming.
Ticketmaster has purchased the outstanding 50% equity interest in its Ticketmaster-Northwest joint venture for $12.5 million.
Viacom Inc.'s troubled Blockbuster video chain will report an alarming 76% plunge in operating profit to as low as $40 million for the second quarter, Viacom warned Tuesday, signaling that…
Silvio Berlusconi's Fininvest, which controls TV outfit Mediaset and film unit Medusa, said net profits in 1996 slipped to 397.9 billion lire ($234 million) from $250 million a year earlier.