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Last year, for example, it expanded its media holdings with the acquisition of Izvestia, one of the most influential national newspapers.
Accordingly, CBS expanded its media strategy.
In 1955, General Tire expanded its media holdings by acquiring RKO Radio Pictures from Howard Hughes, only to close the movie studio a year and a half later (General Teleradio, renamed RKO Teleradio after the acquisition, would soon be known as RKO General).
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It bought Seagram to expand its media business, adding Universal Studios as well as the Universal Music Group, the world's biggest recorded-music company, whose artists include U2 and Luciano Pavarotti.
It has also proven adept at expanding its media offerings internationally – or at least more adept than major rivals including Google and Amazon in that regard.
Mr. Tisch and Mr. Stewart said Tribeca Enterprises was expected to use the new financing to expand its media activities beyond the annual film festival.
Lagardère, which also owns 15percentt of the European Aeronautics Defense and Space Company, known as EADS, has been expanding its media business in the last two years to lower its dependence on the military and aerospace businesses.
In a decision that may result in moves by NBC to expand its media holdings, the network named Andrew Lack, the president of NBC News, to the newly created position of president and chief operating officer yesterday.
There's a reason for the swift progress: it's the first film ever to be both theatrically and digitally distributed by Netflix, as the streaming giant seeks to expand its media portfolio in 2014.
The departure of the executive, Luo Chuan, who was once a Microsoft China executive, is a setback for the News Corporation, which had licensed the MySpace brand name in China in an effort to expand its media and Internet presence.
High Gear will use the funds expand its media network and acquire other media properties.
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