Focus on Entertainment Stocks
Spotlight on Multimedia Inc.: The Greenville, S.C.-based company, which employs more than 3,800 people, produces a variety of communication and entertainment products for distribution in newspapers, television, radio and other media outlets. Says Chief Executive J. William Grimes: “Our company’s strength has been our diverse and excellent assets and operating with maximum efficiency. Our challenge is to chart tomorrow’s course in these highly converging and competitive times.”
Major Properties
* Newspapers: 11 daily, 49 non-daily
* Broadcasting: Five TV, eight radio
* Cablevision: 412,000 subscribers
* TV syndication: “Donahue,” “Sally Jessy Raphael,” “Jerry Springer”
* TV movies: “Donato and Daughter”
Financial Data
* Market capitalization: $1.4 billion
* Cash: $4.6 million
* Long-term debt: $746.0 million
* 1992 revenue: $576.8 million
* 1992 profit: $60.5 million
* Earnings per share: $1.61
Sources: Associated Press, Multimedia Inc.
