French waterworks conglom Generale des Eaux has agreed in principle to pay $ 400 million for 80% control of FNAC, France's largest video and music retailer.
Rupert Murdoch's News Ltd. has bought 50% of Melbourne-based Mushroom Records, Australia's largest independent record label. The sale price was not disclosed but industry sources are placing a value…
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Hearst New Media & Technology head Alfred C. Sikes has brought aboard one of his former FCC aides, Charles G. Schott, as VP of the unit, also hiring Cella M. Irvine in the same capacity.
Westwood One, which has been paring its operations to pay down debt, posted narrower losses in the second fiscal quarter ended May 31. The radio broadcaster and programmer recorded a net loss of $…
QVC Network's proposed marriage with Home Shopping Network will require the blessing of regulators from three government agencies, and may run into trouble.
The New York Post staggered back to life Monday after unions agreed to $ 6.2 million in reduced operating costs "to stop the bleeding" at the nation's oldest continuously published daily.
Ted Turner, who has long itched for a feature production outlet, is emerging as the frontrunner in the race to acquire Castle Rock Entertainment, sources close to the negotiations said Monday.
Cities can't prevent apartment-building owners from barring access to cable TV companies that want to hook up individual tenants, the Michigan Supreme Court ruled.
Bertelsmann subsid Arista Records reported record sales of nearly $ 300 million for the fiscal year ended June 30. Arista did not report its year-ago sales.
The New York Post, the zesty tabloid that thrived on adversity, faced a bleak future as Rupert Murdoch and unions failed to come to terms and he dropped his bid to buy it.
A Warner Bros. vice president has sued the company for allegedly taking away his responsibilities without good cause and refusing to give him benefits, bonuses or vacation pay. WB would not comment…