February 19, 1999 |
Barry Diller has recruited a television station entrepreneur to become president and chief operating officer of USA Networks Inc. in a move that could presage a greater emphasis within the company on the struggling broadcasting group. Barry Baker, who resigned earlier this month as the acting chief executive of Sinclair Communications, is Diller's highest-level appointment and would bring executive depth to USA after a period of fast expansion.
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.
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 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.