February 3, 1987 |
Despite industry speculation, GenCorp and MCA said Monday that they're not discussing a reduction in the price of GenCorp's WOR-TV, the New Jersey television station that MCA agreed last year to acquire for $387 million. One published report said MCA might seek a lower price because of a slump in national advertising and other problems besetting independent TV stations. "If they are, we'd like to get some communication from them," said Joseph Leyden, assistant to GenCorp President A.
CALIFORNIA | LOCAL
January 23, 1994
Please stop the late bid to relocate the Metro Red Line station from the previously accepted location on Lankershim Boulevard. A site half a mile east in Cahuenga Pass, with all its inherent traffic congestion and access problems as well as air quality problems with the arrival of 26 buses an hour, is not a sound plan. It would be great for MCA-Universal, and the worst thing for the community it is intended to serve. I am dismayed by the campaign of misinformation and distortion being waged by MCA-Universal with no regard to the transportation needs and convenience of the community.
May 7, 1986 |
MCA announced Tuesday that it intends to acquire all of the stock in three entertainment-related firms partly owned by MCA Records President Irving Azoff and to sign a new, long-term contract with the record executive. In acquiring the firms, MCA gets a talent management firm that handles such popular recording artists as Don Henley, Jimmy Buffett, Stevie Nicks and Heart; a small record label whose most successful artists are Dan Fogelberg and Chicago, and a merchandising firm.
CALIFORNIA | LOCAL
June 3, 1995
The question posed by your headline "Fallout From MCA Expansion Plan--Benefit or Blight?" (Valley Commentary, April 30) is answered simply--both benefit and blight are received, but in differing degrees. The banner of "new jobs" is becoming a catchword to stir our patriotism and brand those in opposition as anti-family or left-wing extremists . . . you know, the feared "radical environmentalists." If you are against jobs, you must want to outlaw apple pie and moms. Fact is though, the harm done by further expansion will far outweigh the benefit of the jobs MCA alleges it will create.
February 20, 1985 |
MCA Inc. on Tuesday reported a 35% decline in net income for 1984, despite record revenue. The Universal City-based company blamed the "very disappointing results" of its motion picture releases for the earnings decline. For the fourth quarter ended last Dec. 31, MCA reported net income of $18.58 million, down 25% from the same period the year before. The filmed entertainment division posted an operating loss of $2.
September 17, 1987 |
MCA, already building its second studio tour attraction in the United States, confirmed Wednesday that it is planning to build a major theme park in Europe but provided no other details. "We are going to do something in Europe," said Charles S. Paul, the MCA vice president who oversees new acquisitions for the entertainment conglomerate.