Word: mergers
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...again for CBS," says Alan Bell, president of Freedom Broadcasting, which owns three CBS affiliates. "It's not the same CBS it was the last time they were on the bottom. It's much more demoralized and disorganized. It has lost many major-market stations. And any kind of merger is a real culture shock...
...Federal Communications Commission approved the merger of Westinghouse Inc. and CBS, creating the nation's largest broadcaster. "The merger helps CBS because it gives them a large number of new affiliates, which should bolster them as a network" says senior media writer Richard Zoglin. (Westinghouse/CBS owns 16 TV stations reaching 32 percent of the country, and 39 radio stations.) "It doesn't help them in terms of broad-based communications," Zoglin adds, "because Westinghouse, like CBS, doesn't have extensive cable holdings. Westinghouse is a long-established corporation with a reputation for tightfisted management, which could mean some job layoffs...
...embedded in Colin Powell's decision. It has to do with the sight, unexpected in politics, of a sane man being true to himself--unaffectedly displaying an integrity that has a faraway feel, like Frank Capra movies from the '30s. In the '90s politics and entertainment have completed a merger through media--an unwholesome synthesis that produces a whole circus of falsifications and unrealities, a kind of drug dream. The drug is power, that stimulant and hallucinogen. Even with the highest office in the world apparently available to him ("The first black ."), Powell remained comfortably within himself. It was there...
Boeing, the nation's largest commercial aircraft manufacturer, is talking merger with McDonnell Douglas, the leading builder of military aircraft, according to the Wall Street Journal. The firms have combined sales of some $35 billion. Industry analysts say a full merger is unlikely, in part because the combined entity could have a large enough share of the world market to face an anti-trust challenge. But consolidation could occur in their defense operations, where Boeing wants an increased presence and McDonnell Douglas seeks to reduce costs in an era of reduced defense spending. "McDonnell has been hit hard by defense...
Graduate board members even spoke of a possible merger with the Delphic, another final club, to help defray costs, members said. D.U. members, however, say the merger is unlikely, citing hesitance on the part of the Delphic. Delphic officials refused to comment...