MGM/UA Communications Loss Shrinks: The Culver City...
- Share via
From Times Staff and Wire Service Reports
MGM/UA Communications Loss Shrinks: The Culver City entertainment firm said its second-quarter loss narrowed to $9.8 million while revenue fell 27% to $176.8 million. A year earlier, MGM/UA lost $14.7 million. The decline in revenue was blamed primarily on the fact that few movies were in release while the company was up for sale. Pathe Communications Corp. is trying to complete a buyout of MGM/UA for $1.27 billion.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
