August 29, 1989 |
Financier Kirk Kerkorian may put MGM-UA Communications Co.'s TV unit up for sale, according to proxy material provided to shareholders voting on the planned sale of the United Artists movie studio. MGM shareholders are to vote Sept. 23 on the $600-million planned sale of United Artists to Australian-based Qintex Entertainment Inc.
October 23, 1989 |
Troubles continued for Australia's Qintex Australia Ltd. as its stock lost half its value and the Australian Stock Exchange suspended trading in the shares today following the bankruptcy filing of its U.S. affiliate Friday. The unwillingness of television tycoon Christopher Skase, head of Qintex, to reveal his company's exposure to the U.S. unit, Qintex Entertainment, led the Australian Stock Exchange to suspend trading in Qintex's Australian stock.