ENTERTAINMENT & NEWS MEDIA

General Cinema Settles FTC Case: The Federal Trade Commission said General Cinema Corp. agreed to pay $950,000 to settle charges that it did not comply with premerger rules in acquiring stock in Cadbury Schweppes PLC. The FTC said General Cinema, which began acquiring Cadbury Schweppes’ stock in September, 1986, exceeded the $15-million threshold that triggers premerger notification requirements under federal law but did not file a premerger notification until January, 1987. The motion picture exhibitor and department store retailer had maintained that it didn’t have to file a notice of the share purchases because the purchases were for investment purposes, not acquisition purposes.