Biz

  • Biz

CBS threatens retrans suit

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CBS is holding out the threat of legal action against the top five cable operators in the U.S. if they collectively refuse to pay any cash to transmit the signals of the seven CBS-owned TV stations.

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Financial Briefs

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Posting its first earnings since going public in February, Hemdale Communications Inc. recorded a profit of $ 1.2 million (19 cents per share). Revenues were $ 11.3 million.

  • Biz

Goldwyn posts profit

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Samuel Goldwyn Co. posted a net profit of $ 1 million (18 cents a share) for the fiscal year ended March 31. That compares to a $ 3.1 million net loss (57 cents) in fiscal 1992.

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