ROANOKE TIMES 

                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: MONDAY, July 26, 1993                   TAG: 9307260099
SECTION: NATIONAL/INTERNATIONAL                    PAGE: A-2   EDITION: METRO 
SOURCE: 
DATELINE: CULVER CITY, CALIF.                                LENGTH: Short

FRENCH BANK TO POUR MILLIONS INTO STUDIO

The French bank that took over Metro-Goldwyn Mayer replaced Alan Ladd Jr. with veteran Hollywood executive Frank Mancuso as the studio's boss Sunday and said it would spend more than $1 billion to reduce MGM's debt.

Credit Lyonnais officials also said the bank would make at least $210 million available to jump-start MGM's United Artists operations.

The virtual collapse of what once was a leading Hollywood studio has spawned fraud and racketeering lawsuits and countersuits between Credit Lyonnais and former MGM owner Kirk Kerkorian. The FBI is conducting a criminal investigation.

- Associated Press 


 by CNB