Spelling Entertainment Group Inc. has repurchased 470,000 common shares under a buy-back program begun in 1987. The company has 24.7 million common shares outstanding after the buy-back.
Since the inception of the program, which allows the company to buy up to 4 million common shares from time to time, Spelling has repurchased 2.6 million shares.
NHI Nelson Holdings International Ltd. posted a narrower net loss of $ 202, 000 (2 cents a share) for the third quarter, ended Sept. 30. The Toronto-based company posted a $ 28.8 million ($ 6.83) net loss for the same period last year. Revenues were cut in half to $ 802,000 from $ 1.6 million in the comparable quarter. The company noted that the results reflect the sale of its filmed entertainment operations to New Line Cinema Corp. in the fourth quarter of 1991. The former parent of Nelson Entertainment, the firm owns and operates kiosks for renting videos with a credit card.