Cable television broadcasting industry
Ted Turner and the Public Broadcasting Service have signed a deal for Turner Broadcasting System Inc. to distribute and promote videos of PBS programs. This new partnership will leverage the resources of both organizations to bring high-quality educational and cultural content to a wider audience. The agreement will also establish
Cable television broadcasting industry
Viacom Inc. agreed to sell its one-third interest in Lifetime Television to its partners, the Hearst Corporation and Capital Cities/ABC Inc., for approximately $317.6 million in cash. This sale aims to help Viacom pare the $7 billion it borrowed to buy Paramount Communications Inc. The deal is expected
Cable television broadcasting industry
Viacom Inc. has agreed to sell its one-third stake in the Lifetime cable network to Hearst Corp. and Capital Cities/ABC Inc. for $317.6 million in cash. This decision is part of Viacom's broader strategy to focus on its core assets and priorities. The sale is expected
Television broadcasting industry
Viacom Inc. has appointed Jonathan Dolgen, a seasoned executive from Sony Pictures, to head the entertainment operations of the newly merged Viacom-Paramount. This move marks a significant development in the merged entity's formation, with Dolgen overseeing Paramount's movie and television operations, as well as Viacom'
Television broadcasting industry
Major League Soccer, poised to start play in April 1995, has announced a significant television agreement with ESPN and ABC. Under the terms of the three-year deal, ESPN will broadcast 10 games, ESPN2 will air 25 games, and ABC will televise the championship game. The partnership also includes a joint
Cable television broadcasting industry
The proposed $3-billion takeover bid by Rogers Communications Inc. of Maclean Hunter Ltd., a Toronto institution dating back to 1887, has set off a scramble among potential buyers for various assets. Companies eyeing Maclean Hunter's diverse business portfolio include Southam Inc., Moore Corp. Ltd., and MDC Corp. The
Cable television broadcasting industry
Torstar Corp., the owner of The Toronto Star, is worried that Ted Rogers' $3-billion takeover bid for Maclean Hunter Ltd. could lead to a monopoly on cable television in Canada's largest city, potentially giving him extensive publishing interests as well. David Galloway, Torstar's co-chief executive
Cable television broadcasting industry
Tele-Communications Inc. is reportedly exploring the possibility of forming an alliance with Blockbuster Entertainment Corp. amid uncertainty surrounding Viacom Inc.'s acquisition of the video rental chain. The development comes as Blockbuster shareholders are set to vote on the deal in May, with many expressing concerns over the proposed
Cable television broadcasting industry
Institutional investors and analysts have been increasingly skeptical about Viacom's proposed buyout of Blockbuster Entertainment Corporation, a sentiment reflected in a rise in Blockbuster's stock price last week. Analyst Craig Bibb of Paine Webber Inc. expressed pessimism about the deal, and investors are now betting that
Cable television broadcasting industry
Federal Reserve Chairman Alan Greenspan hinted in a semi-annual speech that interest rates may have to rise again in 1994, just 18 days after the Fed lifted rates for the first time in five years. However, he conceded that upward pressure on US prices appears subdued right now. Meanwhile, the
Cable television broadcasting industry
Maclean Hunter Ltd., a major Canadian publisher, is seeking a favorable tax ruling from Revenue Canada's Rulings Directorate to facilitate a potential corporate restructuring and maximize shareholder value. The company is considering a complicated tax maneuver known as a "butterfly" that involves spinning off assets into
Cable television broadcasting industry
Rogers Communications Inc. has offered $2.9 billion for 180 million shares of Maclean Hunter Ltd., with a participation right that could provide a significant boost to the deal. The bid includes a "participation right" that will pay the holder part of the proceeds from a proposed sale
