Focus on Entertainment Stocks
Spotlight on Scandinavian Broadcasting System: “We’ve applied American expertise in television programming, management and technology to Scandinavia, where commercial TV is still in its infancy,” said Chairman Harry Evans Sloan. “In addition to the huge demand for American-made TV shows, SBS programs locally produced entertainment, including news, sports, home shopping and interactive games. In the future, SBS will target the direct-to-home (DTH) market for expansion.”
Major Properties
* TV stations: TV 5 in Sweden, TV Norge in Norway, Kanal 2 in Denmark
* Innovations: Holds 30% interest in TV-21, Scandinavia’s first interactive television entertainment channel
* Other broadcasting interests: Several TV and radio stations in Scandinavia
Financial Data
* Market capitalization: $198.9 million
* Cash: $25 million
* Long-term debt: $4 million
* 1992 revenue: $18.6 million
* 1992 loss: $-5.7 million
* Loss per share: $-1.05
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