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Todd-AO Corp., the San Francisco-based sound facility, posted a net income of $ 489,000 (6 cents) in the third fiscal quarter, a 16% drop from the same period last year. Revenues were up, however, 8%…

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BET Holdings Inc.'s Black Entertainment Television Inc. subsidiary has acquired 80% interest in Santa Monica-based Avalon Pictures Inc. for $ 13 million cash and assumption of certain debt.

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