March 27, 1997 |
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.
September 27, 2005 |
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.
August 1, 2002 |
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.
January 25, 2001 |
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.
December 13, 2001 |
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.
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.