Also
- Share via
* New York-based Time Warner Inc. said it had agreed to sell AOL France’s Internet access business to Neuf Cegetel, a French telecommunications network operator, for about $365 million in cash.
* Mexico’s largest fixed-line phone company, Telefonos de Mexico, or Telmex, has named Hector Slim Seade as chief executive. Slim Seade, a nephew of Telmex’s billionaire owner, Carlos Slim Helu, had been director of operational support at Telmex since 1998 and was also responsible for most of the company’s subsidiaries.
* Adelphia Communications Corp. won U.S. Bankruptcy Court approval to pay Chief Executive William Schleyer as much as $16.6 million in bonuses to encourage him to stay until the Greenwood, Colo.-based cable operator winds down operations.
* Video game publisher Electronic Arts Inc. of Redwood City, Calif., said it formed a partnership with Montreal-based DTI Software to provide video games on airliners. Terms were not disclosed.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.