New York financier Mario Gabelli is part of a group reducing its Class A common shares stake in Chris-Craft Industries Inc. to 26.3%. In a filing with the Securities and Exchange Commission, the group said it now holds 5.45 million shares.
The Gabelli group previously reported Aug. 27 holding a 27.34% stake, or 5. 61 million shares of the company.
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The Canadian Radio-television and Telecommunications Commission has approved the acquisition of Quebec cabler Telecable Laurentien by the communications company CFCF. The buyer last November agreed to purchase Slaight Communications’ interest in Telecable Laurentien for C$ 63.5 million. Laurentien generated about C$ 15.1 million in revenue for the fiscal year ended Aug. 31 and should contribute to CFCF’s earnings in the first year of the acquisition, org said.
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NTN Communications of Carlsbad will broadcast its QB1 interactive television football game in conjunction with all National Football League television games on the NTN Entertainment Network. The company, the largest provider of interactive TV service in the country, said it will broadcast 236 games — capped by the the Super Bowl and Pro Bowl — up from about 150 in recent years.
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Eastman Kodak Co. will relocate the U.S. and Canada regional headquarters of its Imaging Group unit to the Washington, D.C., area from Rochester, N.Y. The company said about 200 of the 3,500 Rochester employees eventually will move to the D.C. area, and that the move should be completed in about a year.
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Veg-O-Matic maker and music compilation marketer K-tel Intl., encouraged by growing sales, is looking into European expansion, particularly with respect to infomercials. Company’s inventory is up to $ 7 million for the first nine months of fiscal 1993 from $ 6.1 million in 1992, while accounts receivable have jumped to $ 11 million from $ 9.3 million.