MGM closes sale of Rainbow channels stake back to Cablevision

By 2003-07-20T00:00:00

As previouslyreported (ScreenDaily, Jul 1), MGM chairman and chief executive officer AlexYemenidjian said the sale left the company with a "100% debt-free" balancesheet, and paves the way for other opportunities including the studio's bid forthe entertainment assets of Vivendi Universal.

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