May 18, 1990 |
Spectradyne Inc., the company whose adult films every traveling executive prays do not show up on the hotel bill, is doing a lot of its own praying these days. The leading provider of pay television movies to hotels, which was acquired by investor Marvin Davis last year, is negotiating with its lenders to restructure the company's finances and reduce its heavy debt load.
March 22, 1989 |
Los Angeles investor Marvin Davis and Prudential Insurance Co. of America said Tuesday they have agreed to acquire Spectradyne, the nation's largest supplier of cable television systems to hotels, from investment groups led by Texas billionaire Robert M. Bass. The companies valued the deal at $635 million, but only $60 million of that amount is for the common stock of the company. The remainder involves Davis and Prudential assuming Spectradyne's debt and dividend payments on preferred stock.
November 27, 1991 |
New York Beckons: John Rohrbeck, president and general manager of KNBC-TV Channel 4 here, is relocating to New York to become president of NBC's television stations division. Rohrbeck will oversee the six stations NBC owns. He succeeds Al Jerome, who is leaving to head Spectradyne Inc. in Dallas, which supplies movies to hotels. Succeeding Rohrbeck at Channel 4 will be L. Reed Manville, the station's manager of sales planning.
March 21, 1989 |
Billionaire Marvin Davis and the Prudential Insurance Co. of America said today they will purchase Spectradyne Inc., which provides pay-per-view movies to the hotel industry. Davis' Los Angeles-based Davis Cos. and Prudential said they agreed to pay about $635 million for the company from a group that had acquired it two years ago in a $450-million deal. The selling group consists of Acadia Partners, L. P., of Fort Worth, an entity affiliated with billionaire investor Robert M.