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…
Reclusive billionaire Kirk Kerkorian made another legal charge Thursday in his ongoing battle with French bank Credit Lyonnais, filing a lengthy motion seeking to impel the bank to turn over numerous…
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.
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…
Cablevision Systems Corp. said Wednesday net losses widened 31% in the fourth quarter to $ 86.90 million or $ 3.78 per share, although revenues gained 9% to $ 171.97 million due to internal…
The French, ever protective of their cultural identity, are erecting a language barrier to defend against the English invasion.
After years of scouting Hollywood for an entertainment partner, Oz media mogul Kerry Packer has bought into Arnon Milchan's Regency Enterprises in a plan involving several yet unnamed joint media…
The deal of the century is no more. Bell Atlantic Corp. and Tele-Communications Inc. called off their planned $ 33 billion merger Wednesday, blaming the move on the Federal Communications…
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…
Michael Lambert is head of Station Partners Group. His affiliation was incorrect in Tuesday’s story about Ellis Communications’ acquisition of Raycom Inc.