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.
L'Ermitage Hotel in Beverly Hills, a hangout for celebrities and rich wanderers, was bought for about $ 12 million by a New York-based investment partnership, La Hotel Properties.
Having watched Hollywood help bankroll Bill Clinton's presidential campaign and pitch the wildest inauguration bash in memory, D.C. insiders are asking: What does Tinseltown want in return?
Carlton TV, the new London ITV station, has appointed Central Television Enterprises as its international program distributor.
Werner Schwaderlapp, president and CEO of newly created ZDF Enterprises, was inadvertently omitted from Dec. 17 story about division's formation.
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.