Biz Briefs

Dec 1, 2003  •  Post A Comment

Television and film distribution company Alliance Atlantis Communications, which produces the “CSI” series, reported a widened fiscal second-quarter loss last week of 12.2 million Canadian dollars ($9.3 million), or 29 Canadian cents a share, compared with year-earlier red ink of 6.7 million Canadian dollars, or 16 Canadian cents a share. The Toronto-based company was hurt by a charge taken in connection with the consolidation of its headquarters and by fewer deliveries of TV movies and miniseries during the period. Revenue fell 11 percent to 216.6 million Canadian dollars ($165.1 million).
Nexstar IPO Raises $140 million
Television station group Nexstar Broadcasting Group priced its initial public offering last week, raising $140 million for the Irving, Texas-based owner of 16 TV stations. Trading under the stock symbol “NXST,” Nexstar issued 10 million shares at $14 apiece. Banc of America Securities led the sale, with Bear Stearns & Co. acting as joint lead manager and Lehman Bros., UBS Investment Bank and RBC Capital Markets acting as co-managers. Nexstar also provides management or sales services to another 10 stations.