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BUSINESS
July 29, 1998 | From Bloomberg News
USA Networks Inc. appointed Alan Citron to head its Internet efforts as the cable television programmer seeks ways to expand its electronic-commerce activities. Citron, president of the multimedia division of USA Networks' Ticketmaster Group unit, will take on the newly created position of president of USA Networks Interactive. Citron will oversee USA Networks' current Internet sites, the development of future sites and investments in Internet-related companies.
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BUSINESS
April 25, 2002 | Bloomberg News
USA Networks Inc., the media company controlled by Barry Diller, said its first-quarter loss widened more than tenfold because the value of acquisitions fell. Sales rose at the company's electronic-commerce businesses. The loss increased to $286.4 million, or 73 cents a share, from $26.6 million, or 7 cents, in the year-earlier quarter, the company said. USA Networks' sales rose 5% to $1.37 billion from $1.31 billion. Diller is selling USA Networks' entertainment division to Vivendi Universal.
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BUSINESS
December 29, 2000 | From Bloomberg News
USA Networks Inc. took a 9.9% stake in online travel agent TravelNow.com Inc. and signaled that its subsidiary is considering acquiring the Internet company. USA Networks, a New York-based media company, and its subsidiary, Hotel Reservations Network Inc., reported to the Securities and Exchange Commission on Thursday that they purchased 1.1 million shares in the Internet company for about $3.2 million. HRN is a profitable broker of hotel rooms, primarily over the Internet.
BUSINESS
November 1, 2001 | Bloomberg News
USA Networks Inc. said Stephen Chao will resign as president of the media company's cable-television unit, which will be folded into the new TV and film-production division. Chao, head of USA Cable since March 2000, oversaw the company's biggest cable-TV channels--USA Network and Sci Fi Channel--and its developing networks. A USA Networks spokeswoman said she didn't know Chao's plans or when he will leave. USA Entertainment, a new unit formed in July, will assume USA Cable's operations.
BUSINESS
February 19, 1999 | Sallie Hofmeister
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.
BUSINESS
July 30, 1999 | From Bloomberg News
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.
BUSINESS
December 6, 2000 | From Reuters
USA Networks Inc. plans to sell or form a joint venture for its 13 TV stations by Jan. 1, ending speculation USA might acquire other companies to bolster the station group, which some financial analysts consider untenable on its own. USA Chief Executive Barry Diller told reporters and investors about his intentions for the group of mostly UHF stations during an investor conference Monday in New York, said USA Networks spokeswoman Adrienne Becker.
BUSINESS
April 20, 1998 | Bloomberg News
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.
BUSINESS
July 27, 2000 | From Bloomberg News
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.
BUSINESS
April 26, 2001 | Reuters
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.
BUSINESS
September 14, 2001 | Reuters
Microsoft Corp. co-founder Paul Allen, who sits on the board of USA Networks Inc., sold $50.2 million of the media company's common stock last month, a regulatory filing said. Allen, who stepped down from Microsoft's board last year, sold 2.19 million shares from Aug. 13-24, according to a Securities and Exchange Commission filing. He indirectly held about 28 million shares in New York-based USA Networks at the end of August, the filing showed.
BUSINESS
May 9, 2001 | Bloomberg News
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.
BUSINESS
December 29, 2000 | From Bloomberg News
USA Networks Inc. took a 9.9% stake in online travel agent TravelNow.com Inc. and signaled that its subsidiary is considering acquiring the Internet company. USA Networks, a New York-based media company, and its subsidiary, Hotel Reservations Network Inc., reported to the Securities and Exchange Commission on Thursday that they purchased 1.1 million shares in the Internet company for about $3.2 million. HRN is a profitable broker of hotel rooms, primarily over the Internet.
BUSINESS
December 8, 2000 | LEE ROMNEY, TIMES STAFF WRITER
Univision Communications Inc., parent of the country's top Spanish-language television network, said Thursday it will buy USA Networks Inc.'s broadcast group for $1.1 billion. The deal gives Univision second stations in a number of rapidly growing Latino markets and entrenches its already solid lead over newly aggressive competitors.
BUSINESS
December 6, 2000 | From Reuters
USA Networks Inc. plans to sell or form a joint venture for its 13 TV stations by Jan. 1, ending speculation USA might acquire other companies to bolster the station group, which some financial analysts consider untenable on its own. USA Chief Executive Barry Diller told reporters and investors about his intentions for the group of mostly UHF stations during an investor conference Monday in New York, said USA Networks spokeswoman Adrienne Becker.
BUSINESS
October 27, 2000 | From Reuters
USA Networks Inc., Barry Diller's cable company that operates Home Shopping Network and ticket agency Ticketmaster, said Thursday its third-quarter operating loss per share widened even as revenue rose. On a per-share basis, its pro forma loss, excluding one-time charges and nonoperating gains, widened to 10 cents a share, contrasted with 8 cents a share a year earlier. Cash flow as measured by total pro forma earnings before income tax, depreciation and amortization grew to $159.
BUSINESS
May 9, 2001 | Bloomberg News
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.
BUSINESS
October 14, 1999 | Bloomberg News
USA Networks Inc., the media and electronic-retailing company run by Barry Diller, created a new company to provide e-commerce services using existing divisions such as the Home Shopping Network. The new company, USA Electronic Commerce & Services, will use call centers, customer service operations and packing operations from USA's Home Shopping Network, Ticketmaster and Ticketmaster Online-CitySearch to provide these so-called back-office services to e-commerce companies.
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