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* Hispanic Broadcasting Corp., the largest Spanish-language radio broadcaster in the United States, said fourth-quarter net income fell 23% to $8.61 million, or 8 cents a share, hurt by lower advertising sales and higher costs to promote stations. Revenue was virtually flat at $61.3 million.
* Billionaire Ronald Perelman agreed to pay $14.75 million to settle a shareholder lawsuit challenging the sale of his controlling stake in movie-camera maker Panavision Inc. for $128 million.
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