July 30, 1999 |
USA Networks Inc., owner of the top-rated cable channel, said its second-quarter loss narrowed as cash flow rose, bolstered by wrestling shows and ticket sales to Bruce Springsteen concerts. The media and electronic-retailing company headed by Barry Diller said it had a pro forma loss from operations of $10 million, or 6 cents a share, compared with a loss of $12.4 million, or 9 cents, in the year-earlier quarter. Revenue rose 13% to $804.5 million from $711.5 million.
April 20, 1998 |
USA Networks Inc. said Stephen Brenner and Stephen Chao were appointed co-presidents to serve during Chairman and Chief Executive Kay Koplovitz's departure from the company she founded. Brenner, who has been with New York-based USA Networks for 16 years, was named president of operations, overseeing advertising sales, affiliate relations, finance and administration. Chao, an independent producer and a former executive at News Corp.'s Fox network, is president of programming and marketing.
May 9, 2001 |
Federal antitrust enforcers approved Univision Communications Inc.'s purchase of USA Networks Inc.'s broadcast group for $1.1 billion, the companies said in a prepared statement. Univision, owner of the top U.S. Spanish-language television network, and USA Networks announced the combination in December 2000. It gives Univision 13 stations as well as USA Networks' minority interests in four more stations.
July 27, 2000 |
USA Networks Inc., Hollywood mogul Barry Diller's media and electronic-commerce company, said its second-quarter loss was smaller than expected, helped by higher advertising sales at its cable-TV networks. The loss from operations narrowed to $21.8 million, or 7 cents a share, from $27.9 million, or 8 cents, in the year-ago period, after adjustment for acquisitions and other items. The firm had been expected to lose 15 cents a share, according to First Call/Thomson Financial.
April 26, 2001 |
USA Networks Inc., the entertainment company run by Hollywood mogul Barry Diller, reported higher first-quarter cash flow and revenue, boosted by shows such as "Eco-Challenge: Borneo" and its Home Shopping Network. Despite an advertising slump affecting many media firms, the company's cable channels, USA Network and Sci-Fi, posted strong gains and the Home Shopping Network showed growth.
May 20, 2000 |
USA Networks Inc., the media and electronic commerce company run by Barry Diller, said it bought two cable television networks for about $100 million to increase the variety of its cable programming. USA acquired the Trio Network, an arts and entertainment channel, and News World International, a news channel, with the purchase of North American Television Inc., a joint venture of Canadian Broadcasting Corp. and closely held Power Broadcasting Inc.