Short Takes on High Yields


AMFM Inc., formerly called Chancellor Media, said it had a second-quarter loss stemming from higher expenses from numerous acquisitions, but it still beat analysts' expectations. The broadcast company announced it would post a loss of $22.5 million, or 16 cents a share. It posted a net income of $2.1 million, or one cent per share in the same time period last year. Projections had called for a 27 cent per share loss. AMFM went on an acquisition tear last year after being formed by Hicks Muse Tate & Furst...

Qwest Communications International announced the hiring of two new executives, both from telecom giant SBC, to head its local and international operations. Augustine Cruciotti, formerly SBC's vice president of service operations for Southern California, will be the head of local service, while Dominic Gomez, formerly vice president overseeing the commercial markets unit at SBC, will join Qwest as senior vice president focusing on Latin America...

Telewest Communications saw its second-quarter loss widen 56% because of costs stemming from acquisitions. Higher accounting charges and interest payments were the cause, the company said. The loss on the quarter increased to GBP119.6 million ($193 million), compared with a loss of GBP76.4 million. Per share losses decreased thought, to six pence from seven pence, because there were more shares issued this year...

Shares of Excite At Home Corp. increased as much as 13% early last week on speculation that it may be acquired by Yahoo! for $17 billion. The purchase was denied later in the week by Yahoo!