ENTERTAINMENT

Charter Offers to Merge With Spelling: Charter Corp. said it offered a stock swap for the shares it doesn’t already own in Spelling Entertainment, a television show production company. Charter now owns 82% of Spelling’s outstanding common stock and all of Spelling’s preferred shares. In the transaction, each share of Spelling’s common stock not held by Charter would be exchanged for 0.9% of Charter common stock. Spelling develops, produces and distributes television programs, produces feature films and licenses music and merchandising rights associated with its television properties. Charter’s main subsidiary is Spelling.