In yet another move to get out from under its debt-ridden balance sheet, Time Warner announced yesterday that it will buy back 45 million shares of its Series D preferred stock for $ 2.5 billion.
The dates on the 1992 World Sales Survey in yesterday's paper were transposed. The corrected chart is on page 46.
Live Entertainment will clear a major hurdle next week when it secures a new $50 million credit facility from its bankers, Pioneer and a new lending group.
Intl. Family Entertainment has finally overcome the last obstacle to its takeover of TVS Entertainment, parent of MTM, and could make a formal announcement about the completion of the deal as early…
Paramount shares jumped $ 3.50 yesterday to close at $ 46.13 on rumors that CBS is seeking to buy the media conglomerate.
The Ontario Securities Commission said David Bruce Fingold, Fobasco Ltd. and Slater Industries Inc. have been charged with insider trading in connection with the sale of shares of Cineplex Odeon Corp.
Cable operators are asking the Federal Communications Commission to repeal the network non-duplication rule for network affiliates that seek compensation from cablers via "retransmission consent."
BLUES POWER: Despite its problems, or maybe because of them, IBM Corp. is setting up a unit that consolidates its efforts in multimedia. Called Fireworks Partners, the group will be making…
Orion Pictures Inc.'s third-quarter numbers prove that emerging from bankruptcy does wonders for a balance sheet.
Westinghouse Electric yesterday reported a net loss for 1992, due to its exit from the financial services business and the adoption of new accounting standards.
NBC parent General Electric reported a 7% increase in earnings for 1992 to $ 4.725 billion ($ 5.51 per share) from $ 4.435 billion ($ 5.10 per share) in 1991.