Word: studioful
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Dates: during 1990-1999
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...last week the opportunity to pair the largely fuddy-duddy CBS assets--broadcast television, radio and outdoor advertising--with Viacom's hipper, younger, cable and movie-studio properties--MTV, VH-1, Nickelodeon and Paramount Pictures--was a deal too good for Karmazin not to persuade Redstone to believe in. "Look, we didn't need a studio," Karmazin says, smiling. "But nobody in the world can tell me it's a bad idea to have...
...headquarters these days, in a landscape where to stand alone is to stand in a hole. "The reason you're seeing so much anxiety everywhere else is that everyone else wishes they'd done it," says Howard Stringer, CEO of Sony Corp. of America, a record company and movie studio that still lacks a broadcast network...
...this case don't believe what Karmazin is saying. Believe what he's doing. CBS needed to make this deal. It 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...
Time Warner, parent company of TIME, is currently the biggest media company in the world, with assets including cable, broadcast, a movie studio, book publishing, a magazine division and the fledgling WB network. And the Viacom-CBS deal has again piqued the longstanding yearning of Time Warner vice chairman Ted Turner (who once made a run at CBS) to buy NBC, the only major network not affiliated with a Hollywood studio. That's not likely to happen, since Time Warner chairman Gerald Levin seems satisfied with the WB and the company's collection of cable networks...
...Scouting Report] Rupert Murdoch is the only media mogul who can claim a truly global empire. With satellites hovering practically everywhere, he can beam down all kinds of programs. The Fox network and studio are hot, even if his Dodgers...