Word: mergermania
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Dates: during 1995-1995
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...Mergermania is a fact of modern life," said Redstone, whose VIACOM International, Inc. recently merged with Paramount Pictures and Blockbuster Video. "There are advantages and disadvantages to mergers, but they are not simply about economics. They affect the core values of our life...
...Concentration in the media can undermine the very principles on which the First Amendment was built," Redstone said. "Mergermania is expanding the power of the gatekeepers. Media mergers must be scrutinized carefully [to ensure] no free speech problems...
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