Biz

  • Biz

Handleman income falls

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Handleman Co. said its third quarter net income dropped almost 30% to $ 10.1 million or 30 cents per share as sales fell 11% to $ 300 million, in line with expectations. Handleman shares dropped 38…

  • Biz

Escalante to retire

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Roel Escalante, MCA's director of corporate material, will retire March 1 but continue as adviser to the purchasing and stores departments and as a consultant through the end of the year.

Marketplace

  • Biz

Financial Briefs

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Fitch Investors Service Inc. has assigned a rating of BBB- to Time Warner Entertainment Co. LP’s $ 2 billion senior shelf. “The rating considers the company’s strong cash flow generating ability and…

  • TV

Cable rates axed again

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The Federal Communications Commission on Tuesday lowered the boom a second time on the cable TV industry, slashing what the agency believes will be an extra 7% off the rates operators charge for…

  • Biz

Correction

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Michael Lambert is head of Station Partners Group. His affiliation was incorrect in Tuesday’s story about Ellis Communications’ acquisition of Raycom Inc.

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