News Summary: DreamWorks buys Classic Media

The Associated Press

THE PURCHASE: DreamWorks Animation SKG says it has agreed to buy Classic Media for $155 million.

THE LIBRARY: That gives DreamWorks such movies and TV series as "Casper the Friendly Ghost," ''Lassie," ''Rocky & Bullwinkle," and "The Lone Ranger."

CURRENT OWNER: Boomerang Media Holdings, which was formed by private-equity firm GTCR and Eric Ellenbogen and John Engelman, who founded Classic Media in 2000.