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BUSINESS
April 12, 1996 | From Bloomberg Business News
Sinclair Broadcast Group Inc. said Thursday that it agreed to buy closely held River City Broadcasting for $1.2 billion, creating the nation's seventh-largest television group and moving it into radio broadcasting for the first time. Acquiring River City would give Baltimore-based Sinclair nine more TV stations, for a total of 29. Its stations would reach almost 15% of U.S. households in markets that include Baltimore; San Antonio, Texas; and Columbus, Ohio.
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BUSINESS
April 12, 1996 | From Bloomberg Business News
Sinclair Broadcast Group Inc. said Thursday that it agreed to buy closely held River City Broadcasting for $1.2 billion, creating the nation's seventh-largest television group and moving it into radio broadcasting for the first time. Acquiring River City would give Baltimore-based Sinclair nine more TV stations, for a total of 29. Its stations would reach almost 15% of U.S. households in markets that include Baltimore; San Antonio, Texas; and Columbus, Ohio.
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BUSINESS
April 17, 1996 | Times Staff and Wire Reports
Corporate Lending Falls 21% in 1st Quarter: Bank loans to U.S. companies slowed in that quarter amid a pause in lending for mergers and acquisitions. Banks arranged $143.9 billion of loans for U.S. companies in the first quarter, 21% lower than in the same quarter last year, according to Loan Pricing Corp.-Gold Sheets, a New York firm that tracks the loan market. Still, the first-quarter lull in corporate lending is expected to be short-lived.
BUSINESS
June 22, 2000 | SALLIE HOFMEISTER, TIMES STAFF WRITER
After less than two years on the job, Barry Baker resigned Wednesday as the second-in-command to Barry Diller at USA Networks Inc., which owns a television station group, the Home Shopping Network, USA Network, Ticketmaster and several online businesses. The timing of the departure, just 18 months after Baker joined the company, surprised even the USA managers who report to him.
BUSINESS
July 15, 1997 | SALLIE HOFMEISTER, TIMES STAFF WRITER
Time Warner Inc. won a significant round in its battle to become the nation's fifth-most profitable television network with the announcement Monday that Sinclair Broadcast Group will switch the affiliations of five key stations from UPN to WB for $86 million in compensation over 10 years.
BUSINESS
March 21, 1999 | SALLIE HOFMEISTER, TIMES STAFF WRITER
Walt Disney Co.'s Michael Eisner doesn't have one. Neither does Sumner Redstone, the chairman and chief executive of Viacom Inc. But Barry Diller does. And in naming a forceful executive with visionary tendencies as his No. 2 at USA Networks Inc., Diller is winning applause from management experts for taking an initiative that many other media moguls have not--leaving their entertainment companies vulnerable at the top.
BUSINESS
April 12, 1996 | From Times Wire Services
The Dow Jones industrials staged a dramatic retreat and comeback Thursday, dropping 70 points on mounting fears of inflation, then gunning into positive territory late in the day to close slightly higher. The Dow average ended up 1.09 points at 5,487.07, breaking a four-day losing streak that took the blue-chip index down more than 200 points from the record of 5,689.74 set April 3. The Dow fumbled at the opening following some slightly higher-than-expected wholesale inflation data.
BUSINESS
June 7, 1996 | BRIAN LOWRY, TIMES STAFF WRITER
It was perhaps appropriate that President Clinton appeared via satellite to address ABC television affiliates here Thursday, since the network's mantra boiled down to a variation on his 1992 campaign theme--in this case, "It's the programming and marketing, stupid." From that perspective, the network's new owner, Walt Disney Co., seemingly accomplished its mission to allay the concerns of stations that carry ABC programming.
BUSINESS
December 4, 1997 | PATRICE APODACA, TIMES STAFF WRITER
As chief executive of the upstart WB Network, currently in its third season, Jamie Kellner has once again displayed a penchant for risk-taking and innovation that he was known for in his eight years as president of Fox Broadcasting. The difference this time is that he is putting his money where his mouth is.
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