BUSINESS NOTES : ABC STATIONS ASKED TO HELP PAY FOR NFL.After an enormous bid of $550 million a year to retain ``Monday Night Football “MNF” redirects here. For other uses, see MNF (disambiguation). Monday Night Football (MNF) is a live television broadcast of the National Football League. ,'' ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. has asked its affiliated stations to contribute cash or return some commercials to the network to help pay the costs, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a memo to ABC affiliates. CBS (Cell Broadcast Service) See cell broadcast. and Fox Broadcasting have made or are expected to seek similar arrangements with their affiliates. The deals, if agreed to, would represent the first time that networks have sought this kind of sizable contribution from their affiliates to help pay for program costs. ABC is seeking as much as $50 million a year from its affiliates, the memo addressed to affiliates said. It was written by David Barrett David Barrett may refer to:
``The decision,'' Barrett said, ``will obviously be made by each individual station.'' - The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times Buffett loads up as silver prices spike OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb. - As silver prices soared to nine-year highs, legendary investor Warren Buffett Warren Buffett Known as "the Oracle of Omaha," Buffett is Chairman of Berkshire Hathaway and arguably the greatest investor of all time. His wealth fluctuates with the performance of the market, but for the last few years he has been reported to be worth over $30 billion, making disclosed Tuesday that his company has loaded up on nearly 130 million ounces of the precious metal since July. In a surprise announcement released after commodities markets closed Tuesday, Buffett's Omaha-based investment company, Berkshire Hathaway Inc., said it has been buying silver in anticipation that its price would rise as demand outpaces supply. The company said it had no immediate plans to unload its silver position, which is worth about $850 million at current market prices and represents less than 2 percent of Berkshire's portfolio. - Associated Press Mattel profits jump 83 percent in quarter EL SEGUNDO - Mattel Inc. on Tuesday reported fourth-quarter earnings jumped about 83 percent from a year ago, boosted by strong demand for its Barbie, Disney and Hot Wheels lines. The world's largest toy maker earned $195 million, or 64 cents per fully diluted share, in the fourth quarter, up from $106.9 million, or 36 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. for the final quarter of 1996. Sales were $1.6 billion from $1.4 billion last year. Worldwide Barbie sales increased 9 percent, while sales of Disney-themed toys rose 17 percent and Hot Wheels increased 21 percent. - Associated Press Pepsi profits increase after Venezuela move NEW YORK - PepsiCo Inc. on Tuesday reported a 13-fold increase in its fourth-quarter profits as the soft drink and snack maker re-entered Venezuela and cut big losses in its international division. PepsiCo earned $401 million, or 25 cents per share on a diluted basis, in the final three months of 1997. A year earlier, the company earned $28 million, or 3 cents per share. Revenues rose to $6.26 billion from $6.05 billion. Last year's results were hurt by a $397 million loss in its international business as Coca-Cola lured away Pepsi's longtime bottler in Venezuela, a market Pepsi had dominated. The loss led to a shake-up in its international business. - Associated Press |
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