TITLE

MEDIA/ENTERTAINMENT

PUB. DATE
October 2004
SOURCE
Investment Dealers' Digest;10/11/2004, Vol. 70 Issue 39, p64
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information on the business performance of the media and entertainment industry as of 2004. Viacom Inc. said it plans to gain entry into the rapidly growing U.S. Hispanic radio market by selling a radio station to the Spanish Broadcasting System in exchange for a 10% stake. Sony's U.S. unit is said to be in negotiations to unwind Sony/ATV, a partnership it has with Michael Jackson that owns the rights to songs by the Beatles and the largest collection of country music copyrights. Industry observers expect Jackson to co-operate, as he needs the money to pay off debt and other financial problems stemming from his most recent child molestation charges.
ACCESSION #
14682086

 

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