November 17, 1993 |
Capital Cities/ABC Inc. has agreed to buy a 16% stake in Scandinavian Broadcasting System, which owns four TV stations, and may increase its interest to 25%, the companies announced Tuesday. Cap Cities, which owns ABC Television Network and a range of other media properties, said it has agreed to buy 1.6 million shares of Scandinavian Broadcasting stock from existing shareholders.
April 23, 1998 |
Walt Disney Co.'s fiscal second-quarter earnings rose 22% as strong theme park attendance and ad sales at its ESPN network offset low ratings at ABC and a batch of weak films. Disney also announced a 3-for-1 stock split and plans to boost its buyback plan to 133.3 million shares before the split. Disney had capped its repurchase program at 87.8 million.
February 19, 1998 |
In a little-noticed, multibillion-dollar sidelight to Hollywood's booming program sales to overseas TV, Wall Street has quietly become a major financier of overseas TV infrastructure--the satellite, cable and broadcast outlets that transmit U.S. movies and TV shows. U.S. investors have poured $9.2 billion into international TV ventures since 1992 in the form of publicly traded stock or debt, according to Newark, N.J.-based researcher Securities Data Co.
March 4, 2007 |
His office looks more like it belongs to a New Age guru than a type-A chief executive crusading to save one of Hollywood's most storied movie studios. Dozens of crystals, an amethyst cluster as big as a boulder, an amber lion, running-water sculptures and other talismans populate his corner suite at Metro-Goldwyn-Mayer Inc.'s headquarters in Century City. Shortly after becoming chairman and chief executive 18 months ago, Harry E.