Focus on Entertainment Stocks

Spotlight on Gaylord Entertainment Co.: Led by Chief Executive E. W. Wendell, the company increased its 1992 revenue 7.1% compared to 1991, while profit soared 1,563.5% largely due to considerably lower interest expense. Says analyst Mary Kukowski of First Boston: “They are the Disney of country music. They launched Country Music TV in Europe last October. American country music is very popular in Europe, and this (expansion) could become a very good business for them.”

Major Properties

* Cable networks: The Nashville Network, Country Music Television

* Entertainment: Grand Ole Opry, Opryland Hotel, Opryland Theme Park


* Broadcasting: Four TV and three radio stations

* Cable TV: Crown Cable

Financial Data

* Market capitalization: $2.2 billion

* Cash: $5.4 million

* Long-term debt: $299.3 million

* 1992 revenue: $643.7 million

* 1992 profit: $29.4 million


* Earnings per share: $0.70