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.
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.
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.
Frank Biondi, president and CEO of Viacom Inc., said the company is unlikely to pay a cash dividend on common stock in the near future.
Shares of several cable heavyweights -- most notably Tele-Communications Inc. -- have advanced on the expectation that other ventures involving TV and telephone companies could soon provide an encore…
In the wake of a bottom-line bolstering performance by its Hollywood-based entertainment division, Sony Corp. announced Monday it plans to integrate software and hardware operations in the United…
Just two months after recommending purchase of the shares of Turner Broadcasting System, Oppenheimer analyst Jessica Reif has downgraded the stock from a "buy" to a "market performer."
ARD and ZDF, Germany's pubcasters, have signed an agreement with Germany's federal film subsidy board committing 14.25 million marks ($ 9 million) annually in subsidy funds over the next three years.
Disneyland officials have asked for a hearing to dispute allegations it hired illegal immigrants and avoid paying nearly $ 395,000 in penalties to the U.S. Immigration and Naturalization Services.
Carlton TV, the new weekday ITV station for London, achieved stronger-than-expected results in its first three months of broadcasting, posting an operating loss of T4.3 million ($ 6.6 million)…