Time Warner Inc. confirmed Friday the sale of its legal publishing business American Lawyer Media LP to an investment group led by Wasserstein Perella for a price believed to be close to $70 million.
Trimark Pictures is expected to announce today that it has retained investment bankers Societe Generale Bannon to advise the company on strategic alliances or a possible sale.
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After the House voted 10 days ago to lower the guillotine on the National Endowment for the Arts, a Senate subcommittee voted Friday to restore the arts agency's $100 million budget.
The Senate Appropriations Committee is scheduled to ride to the rescue of the National Endowment of the Arts today with a proposal to approve a $99 million budget for the arts agency.
Barry Diller's HSN Inc. finalized a deal to acquire 49.6% of Ticketmaster as the $215 million stock swap deal officially closed late Thursday. Diller assumed billionaire Paul Allen's stake in the…
Broadcasters are growing increasingly optimistic about the prospects of a congressional budget proposal that would not only allow them to borrow billions of dollars worth of TV spectrum for free, but…
The FCC ruled this week that cable's Classic Sports Network "has established a prima facie showing" that Cablevision Systems Corp. violated the Communications Act of 1934 by refusing to carry Classic…
The music and motion picture industries lost an early round Thursday in what is sure to be an epic battle concerning copyright law in the digital age.
Music distribution firm Alliance Entertainment received bankruptcy court approval Wednesday to obtain $20 million in interim debtor-in-possession financing from a syndicate of banks led by Chase…
Dutch-based Holland Media Group (HMG) is reporting operational profits for fiscal year 1996 of 2 million guilders (approximately $1 million) even though it posted a net after-tax loss of $24 million…
US West Media Group reportedly has increased by 40% its stake in Argentina's second-largest multisystem operator Video Cable Comunicacion (VCC), which is jointly owned by Samuel Liberman and…