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From Times Staff and Wire Reports
Live Entertainment Suspends Payments: The Van Nuys-based video distributor said it will forgo the July 1 dividend payment on its Series A cumulative convertible preferred stock. Live has retained Bear, Stearns & Co. and Jefferson Capital Group Ltd. to recommend restructuring alternatives and to review its capital structure. The Series A stock has a dividend rate of 10% a year, or 50 cents a share per quarter, according to Live.
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