Madison Square Garden will welcome the New York Knicks tonight into an arena with premium seating suspended from the roof, a pair of 600-square-foot video screens at the entrance and 18 fully renovated luxury suites, the results of a $1 billion makeover.
Barnes & Noble Inc. moved closer to breaking up the largest U.S. bookstore chain after its chief executive officer resigned and it named a manager with a history of spinning off units to its most senior position.
Barnes & Noble Inc.’s move to shelve a breakup plan for now steps up pressure on the biggest U.S. bookstore chain to stem losses at its e-book division and hatch a new plan for coping with the shift toward digital publications.
Barnes & Noble Inc. founder Leonard Riggio suspended his efforts to bid for the company’s retail unit as losses widen at the bookstore chain. The shares fell, more than erasing their gain for the year.
Bud Mayo, the cinema executive who led small exhibitors into digital and 3-D, said he’s interested in buying Cablevision Systems Corp.’s Clearview theaters, which would quadruple his screens and plant a flag in New York.
Carmike Cinemas Inc., after more than doubling in price this year, is still the cheapest theater chain in America for rivals looking to acquire more movie screens and boost earnings from popcorn and ticket sales.
“Spartacus” and 55.1 million subscribers could be up for grabs at half the median valuation of television-industry takeovers as billionaire John Malone prepares to make premium channel Starz LLC a separate company.