June 3, 1997 |
International Family Entertainment Inc. shares rose again amid speculation that the owner of the Family Channel will agree to be acquired this week by either Walt Disney Co. or News Corp. for up to $1.8 billion. International Family shares closed at $31.875, up $4 on the New York Stock Exchange. The shares have risen 59% since April 25. Disney and News Corp. are each offering between $32 and $35 a share for International Family, according to three people close to the bidding.
June 2, 1997 |
Rupert Murdoch's News Corp. and Walt Disney Co. will make final bids for International Family Entertainment Inc. early this week, but already the price has risen to an eye-popping $1.8 billion, sources said. News Corp. is thought to have an edge in the bidding, but sources said Friday that Disney remained a strong contender. An unexpected bidder, Viacom Inc., which quietly took a look at IFE in recent weeks, is believed to have withdrawn.
February 4, 1997 |
News Corp. and Liberty Media Corp. are negotiating to buy International Family Entertainment in a deal that would value the owner of the Family Channel cable network at about $1 billion, according to Wall Street sources. Under the proposal, the partners would take the publicly traded company private and reduce to 20% the stake held by the Robertson family, which now exerts control. Liberty would double its 20% stake; it and News Corp. would each own 40% of the private company.
October 15, 1996 |
Can one of the most popular franchises in television history regain its former glory? MTM Entertainment is about to find out. Once a successful producer of such beloved programs as "The Mary Tyler Moore Show," "Hill Steet Blues" and "Lou Grant," MTM was in a sorry state when the 1990s rolled around. The Studio City firm was on the brink of bankruptcy, and its production machine had foundered.
February 15, 1995 |
Ice Capades Deal Completed: Religious broadcaster Pat Robertson expanded his entertainment empire with the takeover of the traveling skating show. Robertson's International Family Entertainment Inc. completed its acquisition of Dorothy Hamill International Inc., owner of the Ice Capades since 1993. The buyout proposal was announced in June. Terms of the final agreement were not disclosed. Virginia Beach, Va.
June 9, 1994 |
Pat Robertson Buys Ice Capades: The entertainment company headed by the religious broadcaster said it has agreed to purchase Dorothy Hamill's touring skating show, which was seen by about 2 million people last year. International Family Entertainment Inc., which owns the Family Channel cable network, declined to disclose how much it paid for the show and related assets controlled by the Olympic gold medalist and her husband.