Biz

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China sees ad boom

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China's advertising industry had a golden year in 1993 , with advertising expenditures rising over 40% in an otherwise flat world market, Saatchi & Saatchi's Beijing representative said Wednesday.

Marketplace

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Financial Briefs

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Graff Pay-Per-View Inc. acquired PSP Holding Inc. for an undisclosed amount of stock. The transaction was effected by a merger of PSP Holding and Graff's Guest Cinema unit. Guest Cinema markets…

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CapCities/ABC: buy

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Oppenheimer & Co. analyst Jessica Reif raised her recommendation on Capital Cities/ABC to buy, citing the web's "good growth in a weak economy" and cost-cutting efforts. CapCities/ABC shares closed…

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News Corp. surges in Oz

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Shares of the News Corp Ltd. surged in Australia Monday following comments by chairman and chief executive Rupert Murdoch on forthcoming second-quarter earnings and other recent corporate…

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Financial Briefs

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San Antonio-based Clear Channel Communications continues to acquire radio stations, completing its purchase of KEBC-FM in Oklahoma City from Independence Broadcasting Co. for about $ 7.5 million. * *…

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