OWNERS, PLAYERS AGREE TO END LOCKOUT

At 3:00 a.m. today (Saturday) Ken Berger of CBSSports.com got the scoop — “BREAKING: Tentative agreement reached, according to one of the negotiators,” he reported on Twitter. In subsequent posts, he reported that after a 15-hour negotiating session, the NBA players and owners had reached a tentative agreement to end the 149-day-long lockout and to […]

TUTOR PUTS UP $40 MILLION; MIRAMAX DEAL SHOULD CLOSE SOON

Responding to a put-up-or-shut-up demand by Disney, construction magnate Ron Tutor and his partners on Wednesday agreed to pay Disney a nonrefundable $40 million as a down-payment on their reported $675-million deal to buy Miramax. Several analysts indicated that the deal could be completed today (Thursday) or on Friday.