Word: mergers
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Dates: during 1990-1999
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...makes sense. Relaxed regulations make it possible for a company to own both a TV network and a studio that creates its content. And until August, companies could own only one TV station in a market; now they can own two. This change sparked a new round of merger negotiations...
...agreed that if any deal were to happen, it would be a merger of equals, although Viacom is clearly the acquiring party. "I had always thought of CBS as a network," says Redstone. "But it's much more than that." Redstone saw a good fit. CBS was strong domestically; Viacom was growing fast internationally. And shareholders had long expressed concerns that Redstone, who remains in fine fettle, had no clear successor. Karmazin, a darling on Wall Street for driving up the stock price of CBS, and of Infinity Broadcasting before that, would neatly resolve that issue...
...television viewers, the merger should result in an explosion of cross promotions. Don't be surprised to see plugs for NFL football on MTV or specials about upcoming Paramount pictures airing on CBS. Hollywood producers fret that corporate priorities could distort programming decisions. "This can stifle creativity," says Brad Grey, chairman of management firm Brillstein-Grey and producer of HBO's The Sopranos. "These large companies want to put their own shows on the air first and foremost...
Mary Maples Dunn became interim president of Radcliffe College yesterday as negotiators failed to reach a final merger agreement between the college and Harvard University before the initial July 1 goal...
Yesterday marked a presidential transition that many had hoped would not be necessary, and negotiators said they are pressing on with their attempts to complete the merger as soon as possible...