Radio station group Spanish Broadcasting System is broadening its reach into the television sector, unveiling a $37.5 million deal to acquire WDLP-TV and other TV assets serving Miami and South Florida.
Satellite TV provider EchoStar Communications strengthened its executive suite, naming former Bell Canada executive Michael Neuman its new president/COO and appointing Carl Vogel, who recently joined the firm's board after leaving his post as CEO of cable firm Charter Communications, to the post of vice chairman.
The board of Viacom Inc. has unanimously approved the split of the company into two separately traded entities, the entertainment giant said June 14. The split is expected to be completed in the first quarter of 2006.
Barry Diller's Internet juggernaut IAC/InterActiveCorp took its foot out of the Hollywood door June 8, unveiling a $3.4 billion cash and stock deal to sell a minority stake in a part of NBC Universal back to the company, which is 80%-controlled by General Electric and 20% by Vivendi Universal Entertainment.
Entertainment and electronics giant Sony Corp. on June 2 unveiled a pared-down management structure as Howard Stringer, who is set to take over as group chairman/CEO on June 22, starts to streamline operations and set up the company for improved cooperation across divisions.