Rant Sports Parent Closes $3M Round Of VC KKR Withdraws IMG Bid Bornstein, Shapiro Advising Competing Bids For IMG CAA Out Of Hunt For IMG Disney Reports Higher Q4 Earnings Second Round Of Bids For IMG Were Due Thursday Adidas' Q3 Operating Profit, Sales Drop 21st Century Fox Revenues Exceed Forecasts SMI Sees Ticket Sales Decrease In Q3 Chime Communications Buys JMI For $76M
Published August 13, 1998
News Corp., "showing improved performance across all of its businesses except newspapers," reported fiscal fourth- quarter net income of $233M, or $.23 per share, compared with write-down related losses of $270M posted in the same period last year. Full-year net income more than doubled to $1.14B, or $1.17 per share, compared with $561M a year earlier, "driven mostly by gains from News Corp.'s 22 TV stations and movie performance" (WALL STREET JOURNAL, 8/13). ...Zapata Corp. CEO Avram Glazer, whose company has begun aggressively purchasing Web sites and hopes to establish its ZAP.com as one of the Web's leading portal sites, participated in an online chat on the Wall Street Journal site on Tuesday. Glazer, on the types of sites Zapata is looking to acquire: "We look for sites that are unique, not easily duplicated (anyone can provide news, weather, and sports) -- sites with a loyal audience -- and sites that would fit well within the ZAP framework" (THE DAILY).