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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.
April 10, 2001 | From Bloomberg News
USA Networks Inc. Chief Executive and Chairman Barry Diller was paid $2.6 million in 2000, almost double his pay from 1999, as USA Network's shares fell about 30% last year. The bulk of Diller's pay last year came from a $1.7 million bonus, his first in four years. He also got a salary of $500,000, plus $463,299 in other compensation, according to USA Network's proxy filing with the Securities and Exchange Commission.
December 29, 2000 | From Bloomberg News
USA Networks Inc. took a 9.9% stake in online travel agent 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 | CLAUDIA ELLER and JAMES BATES
Barry Diller's USA Networks Inc. continues to insist that it pulled the plug on the TV production of "Who Killed Sue Snow?" in the name of social responsibility. Denying it bowed to pressure from drug company advertisers, USA says a docudrama about two cyanide-laced-Excedrin deaths in 1986 could have inspired a copycat crime. As USA spokesman Ron Sato said: "We don't have to worry about a crazy individual finding the subject matter much too compelling for our comfort."
Bowing to recent pressure from a major pharmaceutical advertiser, USA Network took the highly unusual step of canceling the production of a television movie about two highly publicized drug-tampering deaths. The cable network abruptly pulled the plug on "Who Killed Sue Snow?" on Thanksgiving eve, five days before filming was to begin in Vancouver, Canada. The movie was based on the 1986 deaths of two Seattle-area residents who took cyanide-laced Excedrin.
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.
USA Networks said Tuesday that it will combine its Ticketmaster Corp. unit with its Internet cousin Ticketmaster Online-CitySearch in a deal that underscores the increasing overlap between online businesses and their real-world counterparts. Ticketmaster and Ticketmaster Online were split in August 1998, when investors were clamoring for "dot-com" stocks and companies were anxiously spinning off their Internet operations to cash in on the frenzy.
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.
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.
June 28, 2000 | From Bloomberg News and Staff Reports
World Wrestling Federation Entertainment Inc. said Tuesday it won a contract dispute to jump from USA Networks to Viacom Inc.'s CBS unit. Delaware Chancery Court Judge William Chandler III ruled that USA Networks didn't properly match Viacom's offer of at least $12.6 million for the rights to the WWF top-rated cable television shows, the company said.
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