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Hearst Argyle Television

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BUSINESS
August 25, 2007 | From Times Wire Services
Hearst Corp., publisher of the San Francisco Chronicle and almost 200 magazines, plans to offer about $593.1 million for the stock of Hearst-Argyle Television Inc. it doesn't already own. The cash offer of $23.50 a share represented a 15% premium over Hearst-Argyle's closing share price Thursday, closely held Hearst Corp. said. Hearst Corp. owns a 73% stake in Hearst-Argyle, whose sales and profit have been hurt by a decline in advertising revenue. Hearst-Argyle shares jumped $4.
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BUSINESS
December 7, 2007 | From Times Wire Services
Hearst Corp. said it would boost its investment in Hearst-Argyle Television Inc. to as much as 82%, less than two months after dropping a plan to buy out minority investors. The purchase of as many as 8 million additional shares will allow Hearst Corp. to consolidate results of Hearst-Argyle for U.S. income tax, New York-based Hearst-Argyle said in a regulatory filing. As of Wednesday, Hearst Corp. owned a 74% stake.
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BUSINESS
December 7, 2007 | From Times Wire Services
Hearst Corp. said it would boost its investment in Hearst-Argyle Television Inc. to as much as 82%, less than two months after dropping a plan to buy out minority investors. The purchase of as many as 8 million additional shares will allow Hearst Corp. to consolidate results of Hearst-Argyle for U.S. income tax, New York-based Hearst-Argyle said in a regulatory filing. As of Wednesday, Hearst Corp. owned a 74% stake.
BUSINESS
August 25, 2007 | From Times Wire Services
Hearst Corp., publisher of the San Francisco Chronicle and almost 200 magazines, plans to offer about $593.1 million for the stock of Hearst-Argyle Television Inc. it doesn't already own. The cash offer of $23.50 a share represented a 15% premium over Hearst-Argyle's closing share price Thursday, closely held Hearst Corp. said. Hearst Corp. owns a 73% stake in Hearst-Argyle, whose sales and profit have been hurt by a decline in advertising revenue. Hearst-Argyle shares jumped $4.
BUSINESS
March 27, 1997 | From Associated Press
Hearst Corp. will buy Argyle Television Inc. and combine it with six Hearst TV stations to form a 12-station company, the companies said Wednesday. Argyle shareholders would receive $159.7 million in cash and about 6 million shares--or 14%--of the new company, Hearst-Argyle Television Inc. Privately held Hearst, which also has interests in newspapers, magazines and books, said the deal will allow it to expand its television operations through public markets.
BUSINESS
September 27, 2005 | From Bloomberg News
Rupert Murdoch's News Corp. and five other companies are investing $25.8 million to help U.S. Digital Television expand its low-cost broadcast TV service. U.S. Digital, based in Salt Lake City, sells 30 cable, local and high-definition channels. Its over-the-air signal is picked up by a traditional TV antenna on sets equipped with a proprietary set-top box. Hearst-Argyle Television Inc., McGraw-Hill Cos. and the other broadcasters are investing in U.S.
BUSINESS
August 1, 2002 | Bloomberg News
Hearst-Argyle Television Inc.'s second-quarter profit more than tripled as revenue increased at the owner of 24 TV stations. Net income rose to $30.8 million, or 33 cents a share, from $9.7 million, or 10 cents, a year earlier. Per-share results reflect preferred dividends of $355,000 in both periods. Revenue increased 3.3% to $182.3 million from $176.4 million a year ago, the New York-based company said in a statement.
BUSINESS
December 13, 2001 | Bloomberg News
News Corp. named Tony Vinciquerra, now at Hearst-Argyle Television Inc., president of the Fox TV Network, where he will oversee the U.S. broadcaster's advertising sales and finances. Vinciquerra, 47, will report to News Corp. President Peter Chernin. His new job will start Jan. 1, said a spokesman for News Corp., the media company controlled by Rupert Murdoch. He will be Fox TV's first president since December 1999, when Larry Jacobson left to join USA Networks Inc.'s Ticketmaster.
BUSINESS
January 25, 2001 | From Bloomberg News
General Electric Co.'s NBC Television Network and TV-station owner Hearst-Argyle Television Inc. agreed to form a joint venture to produce programs for syndication and cable networks. Terms were not disclosed. The companies said they would combine certain television production and distribution operations, including New York-based Hearst-Argyle's facility in Boston and NBC's facility in Burbank.
BUSINESS
May 27, 1998
* Newspaper publisher Pulitzer Publishing Co. said it will sell nine TV and five radio stations for $1.15 billion in stock to Hearst-Argyle Television Inc. Pulitzer would rename its operation, which includes the St. Louis Post-Dispatch and the Arizona Daily Star in Tucson, Pulitzer Inc. * NBC plans to sell its one-third stake in the Court TV cable network to partners Time Warner Inc. and Liberty Media Corp., for about $70 million in cash, sources told Bloomberg News.
BUSINESS
March 27, 1997 | From Associated Press
Hearst Corp. will buy Argyle Television Inc. and combine it with six Hearst TV stations to form a 12-station company, the companies said Wednesday. Argyle shareholders would receive $159.7 million in cash and about 6 million shares--or 14%--of the new company, Hearst-Argyle Television Inc. Privately held Hearst, which also has interests in newspapers, magazines and books, said the deal will allow it to expand its television operations through public markets.
BUSINESS
October 4, 2000 | From Bloomberg News and Times Staff Reports
Hearst-Argyle Television Inc. said it won't carry advertisements for R-rated movies on its 26 U.S. television stations before 9 p.m., joining other broadcasters such as ABC and Fox limiting ads in the wake of federal criticisms over the marketing of violent films to kids. The New York-based company, which carries TV shows from NBC, ABC, CBS and other U.S.
NATIONAL
November 12, 2004 | From Associated Press
A number of ABC affiliates announced Thursday that they would not take part in the network's Veterans Day airing of "Saving Private Ryan," saying the acclaimed film's violence and language could draw sanctions from the Federal Communications Commission. Stations replacing the movie with other programming Thursday included stations owned by Cox Television in Atlanta and Charlotte, N.C., and three Midwest stations owned by Citadel Communications.
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