MEDIA & ENTERTAINMENT
From Times Staff and Wire Reports
Capital Cities/ABC Looking for Acquisitions: Daniel B. Burke, president and chief executive of Capital Cities/ABC Inc., told a conference in New York that the company is scouting for acquisitions and has cash and debt capacity to handle one worth as much as $5 billion to $8 billion. He ruled out the possibility of a sharp dividend increase, saying the company preferred to use its excess cash to buy back its shares or to make an acquisition.
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