Optus Communications pink-slipped more than 100 people and announced a senior management reshuffle at its loss-making pay TV unit Optus Vision Tuesday.
In a ruling which could limit the scope of influence managers have in committing their clients to projects, an L.A. Superior Court judge ruled a valid contract did not exist when actress Pamela…
Sega Enterprises and toymaker Bandai said Tuesday they will cancel a planned merger that would have created Japan's largest game company.
Claiming it owns the recording contract to hugely successful rock act No Doubt, Trauma Records has filed a $100 million lawsuit against Interscope Records, its distributor. Trauma also seeks to have…
With Reed Hundt's resignation official, it's time to handicap the front-runners to replace him as FCC chairman.
Stock in International Family Entertainment Inc. jumped $1.37 to $27 Tuesday on reports that Walt Disney Co. had joined News Corp. in bidding for the company.
Reed Hundt, arguably the most influential FCC chairman in the agency's 60-year history, announced Tuesday that he will step down as soon as the White House can find a replacement.
Evergreen Media Corp. is to raise $193 million in a placement of preferred stock to help finance its $1.075 billion acquisition of Viacom Inc.'s radio station group, the company said Tuesday.
Kinnevik, one of Sweden's largest business conglomerates, voted today to spin off its broadcast and entertainment arm Modern Times Group (MTG) as a separate company.
Santa Monica College's new Academy of Entertainment and Technology may receive an added $1.25 million kick from the proposed 1997-98 budget of Gov. Pete Wilson. The state budget is scheduled to be…