November 4, 1997 |
Viacom International Inc.'s MTV Networks is suing News Corp. and its Fox Kids Worldwide unit, claiming they illegally hired Richard Cronin, senior vice president of MTV. The suit, filed Friday in New York State Supreme Court in Manhattan, also names Cronin as a defendant. It says Cronin broke his contract calling for him to stay at MTV Networks until June 30, 1998. Fox said last week that it had hired Cronin as chief executive of its Fox Kids network and the Family Channel.
May 19, 1994 |
Venture Seeks to Tie Personal Computers to Cable TV: Intel Corp. has reached agreements with several major on-line service providers, including Prodigy Services, News Electronic Data and America Online, to deliver interactive services for personal computers via cable. Intel and General Instrument Corp. have been working with Comcast Corp. and Viacom International Inc. to offer high-speed access to services such as the Internet, home shopping and electronic news.
May 23, 1992 |
IBM is discussing linkups with the nation's largest cable TV operators as part of the computer maker's plan to provide two-way television services, industry executives close to the talks said Friday. IBM is in discussions with Tele-Communications Inc., the nation's biggest cable system operator, Continental Cablevision Inc., the third largest, and Viacom International Inc., another major operator, the executives said, speaking on condition of anonymity.
September 29, 1989 |
Viacom International Inc. said Thursday that it has reached a watershed in its financial health with a debt restructuring that gives it more money, lower interest costs and fewer restrictions. Viacom International owns MTV, Showtime, the Movie Channel and distribution rights to "The Cosby Show," "Roseanne" and "A Different World" as well as 14 cable-TV systems, five television stations and eight radio stations. Viacom is 83% owned by National Amusements Inc.
November 10, 1989 |
For the third time in five years, the popular Los Angeles radio station KJOI-FM is changing hands, this time with a sale to Viacom International Inc., which owns nine other radio stations and recently announced plans to acquire two more in San Francisco. In its announcement late Thursday, Viacom said it has agreed to acquire KJOI and two Denver stations owned by Command Communications for $101.5 million.
April 1, 1989 |
In the labyrinth of criminal activity alleged by federal prosecutors, "junk bond" king Michael Milken nearly always dealt with a third party such as speculator Ivan F. Boesky or the investment firm Princeton/Newport Partners to manipulate stock markets or to profit from inside trades. The government identified only two instances of straight insider trading, in which Milken and other unidentified employees of Drexel Burnham Lambert Inc.