BUSINESS CLIPS

Empty

LIONSGATE A MIXED BAG

Lionsgate reported a year-end loss on sharply higher theatrical distribution and marketing costs but said it exceeded revenue and free cash flow estimates. The company on Friday reported a loss of $74 million on revenue of $1.36 billion for the fiscal year ending March 31, compared with earnings of $24.5 million on revenue of $976.7 million for the same period in 2007. Lionsgate CEO Jon Feltheimer forecast continued double-digit revenue growth in fiscal 2009.

Feds: Icahn can

Federal antitrust regulators cleared financier Carl Icahn's purchase of another $1.5 billion of shares of Yahoo. Icahn launched a proxy fight last month to remove Yahoo's board of directors after Yahoo rejected Microsoft's last takeover bid.

TV Riga deal done

News Corp. said that it has completed a previously announced acquisition of a 30% stake in TV Riga, giving it a 100% ownership position in the Latvian Russian-language television broadcaster.

Big-screen Dis Channel

Disney Channel said it has entered into its first agreement with Screenvision, a deal that will promote the upcoming original Jonas Brothers TV movie "Camp Rock."
comments powered by Disqus