Paramount shares jumped $ 3.50 yesterday to close at $ 46.13 on rumors that CBS is seeking to buy the media conglomerate.
The dates on the 1992 World Sales Survey in yesterday's paper were transposed. The corrected chart is on page 46.
Live Entertainment will clear a major hurdle next week when it secures a new $50 million credit facility from its bankers, Pioneer and a new lending group.
In yet another move to get out from under its debt-ridden balance sheet, Time Warner announced yesterday that it will buy back 45 million shares of its Series D preferred stock for $ 2.5 billion.
Having watched Hollywood help bankroll Bill Clinton's presidential campaign and pitch the wildest inauguration bash in memory, D.C. insiders are asking: What does Tinseltown want in return?
Westinghouse Electric yesterday reported a net loss for 1992, due to its exit from the financial services business and the adoption of new accounting standards.
Katz Communications, a television and radio station rep firm, has created Katz Hispanic Media, a stand-alone company developed to handle representation for Hispanic media outlets.
L'Ermitage Hotel in Beverly Hills, a hangout for celebrities and rich wanderers, was bought for about $ 12 million by a New York-based investment partnership, La Hotel Properties.
BLUES POWER: Despite its problems, or maybe because of them, IBM Corp. is setting up a unit that consolidates its efforts in multimedia. Called Fireworks Partners, the group will be making…
Orion Pictures Inc.'s third-quarter numbers prove that emerging from bankruptcy does wonders for a balance sheet.
Domestic Film DAILY
PROVIDED BY: Box Office
Guardians of the Galaxy
Guardians of the Galaxy1Daily:$2.6M Cumulative:$234.3M Disney -1.91%
Teenage Mutant Ninja Turtles
Teenage Mutant Ninja Turtles2Daily:$2.3M Cumulative:$128.8M Paramount Pictures -3.52%
Let's Be Cops
Let's Be Cops3Daily:$1.7M Cumulative:$34.2M Fox -6.44%