September 14, 2001 |
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.
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.
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.
December 8, 2000 |
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.
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.
October 27, 2000 |
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.