July 29, 1998 |
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.
December 29, 2000 |
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.
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.
December 6, 2000 |
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.
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.