Word: paramount
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Dates: during 1990-1999
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...network shows have declined, stations are finding a growing supply of alternative fare on the market, from daytime talk shows to action hours like Baywatch and The Untouchables. By early next year, moreover, there will be two more aspiring networks offering limited prime-time schedules, from Warner Bros. and Paramount...
Right now, the N.F.L. opposes corporate ownership of teams, and until it changes the rule or the new league comes along, the best opportunities in share buying are in basketball, baseball and hockey. Paramount Communications (soon to merge with Viacom) owns the Knicks and the Rangers, Comsat owns the Denver Nuggets, and Disney has the Mighty Ducks of Anaheim, California...
Edgar Sr. blazed a path for his son in another way: investing in show business. He tried gaining control of Paramount but lost, then bought a big block of MGM and actually became chairman in 1969, only to resign after Kirk Kerkorian took over the company. Bronfman continued, however, to back Broadway shows (one was 1776) and motion pictures. In 1970 Edgar Jr., then 14, found a script on a table of the family's New York City apartment and talked his father into bankrolling Melody, a movie based on that script. He skipped summer camp and went to London...
John Malone, Tele-Communications Inc. chairman and Barry Diller ally in the Paramount battle. Engaged in a love-hate relationship with Viacom -- currently talking to Sumner Redstone about buying Viacom's cable systems while fending off Viacom's massive antitrust suit. Also testily pulled Viacom's the Movie Channel from TCI's cable systems...
Stanley Jaffe, fired Paramount Communications president. Left Paramount with a fat severance package worth somewhere between $35 million and $60 million. Is now suing Viacom for allegedly denying him over $20 million more in stock options and other benefits he says were guaranteed...