Word: cbs
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Dates: during 1990-1999
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...later, another deal, the one that everyone had long expected, was finally announced: Westinghouse offered $5.4 billion to buy CBS. And even as two of the three major networks changed hands within 48 hours, the House passed a bill scrapping the regulations that have governed the industry for the past six decades. "The landscape for the entertainment industry is completely different now," says John Turo, an analyst with Rodman & Renshaw, a Chicago-based brokerage firm. "From here on we should expect to see continued consolidation within the industry, a consolidation that will move along at a crushing speed...
...will hit the Senate floor "as soon as possible" to challenge an ethics committee vote Monday to rejectpublic hearings on Sen. Bob Packwood (R-Ore.)TIME's Karen Tumultysays Boxer is expected to introduce her measure either tonight or Wednesday. "This is a real miscarriage of justice," Boxer told "CBS This Morning" today. "I think it's a horrific message...
...CBS...
Westinghouse Electric Corp. chairman Michael Jordan looked to boost his Group W broadcasting division last week by pursuing a $5 billion merger with CBS Inc., sources said. Representatives reportedly met on Friday morning to begin negotiating terms for a forthcoming offer, which would create the largest TV-station group in the country, reaching more than 32% of all TV homes. Chemical Banking Corp. and J.P. Morgan & Co. each has committed $1 billion in loans to Westinghouse...
Broadcasters also understandably have problems with any technology that might reduce the potential audience for their shows--and thus the potential ad revenue. CBS senior vice president Martin Franks points out, moreover, that the V chip ignores the fact that most homes have more than one TV, and parents surely won't replace every one. "Short of chaining the children to the sofa in the room in which the V-chip-equipped set is located, I don't see how this proposal is going to work," he says. Franks also fears that broadcasters will be barraged by groups with their...