Republic Pictures Corp
Article Abstract:
Television producer Republic Pictures Corp sold 200,000 shares of its Class A stock to Technicolor Inc at $15 per share. The $3 million stock sale proceeds will be used to repay the company's bank debt and, consequently, reduce bank credit facility loans by almost half. Financial analyst Steven Hill predicted that Republic Pictures Corp will achieve earnings of 30 cents per share in 1992, twice its 1991 earnings. He also gave Republic Pictures Corp a Buy recommendation.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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Spelling Entertainment Group Inc
Article Abstract:
Spelling Entertainment Group Inc has bought back 470,000 shares bringing its total buyback to 2.6 million shares. The repurchase scheme allows the firm to reacquire up to 4 million shares. Director Aaron Spelling and George Castrucci also bought shares after a reported 75% increase in earnings for the Sep 1992 quarter. The revenue growth was attributed to rising network production, programming sales and foreign distribution of films for the Jun 1992 quarter.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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Comment about this article or add new information about this topic: