Word: viacom
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Dates: during 1980-1989
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...study by Michael Salinger, a professor of public policy at the Columbia University business school, system operators may indeed show bias toward their own networks over channels owned by other companies. Says he: "I found that ATC systems tend to favor HBO and Cinemax," an affiliated pay service. "Similarly, Viacom ((which also owns cable systems)) tends to favor Showtime...
...rivalry hardly stops there. MTV and Showtime are both units of Viacom International, which two weeks ago brought a $2.4 billion antitrust suit against Time Inc.; American Television and Communications Corp., of which Time Inc. owns 82%; and HBO. The action charges the defendants with discriminating against Showtime on cable systems that ATC operates across the U.S. Time Inc. has vigorously denied the charges...
...tried to take over CBS three years ago. "It's like AM radio. They weren't doing anything wrong either, but FM radio was better." Years of colossal audiences and soaring ad revenues, however, bred complacency. "The networks closed their eyes to reality," says Ralph Baruch, former president of Viacom International and now a senior fellow at the Gannett Center for Media Studies. "They didn't fully comprehend the extent of technological changes." Norman Lear, creator of All in the Family and now the owner of six independent TV stations, sees the networks' distress as retribution for their copycat programming...
...Investors Augustus Oliver, 37, Paul Tierney, 44, and Keith Gollust, 42, who together put up an original investment of only $3 million. The partners have rung up more than $100 million in profits since, by forcing restructuring plans and boosting stock values at Cyclops, Storer Communications, NL Industries, Viacom International and Gelco. Nonetheless, the three men still take the New York City subway to work every morning, avoiding limousines and other costly perks. Says Tierney: "We preach leanness and efficiency. We practice what we preach...
...show, though, was about static heading across the airwaves for satellite-dish owners. Cable-system operators, like Tele- Communications Inc., are upset that the backyard stations are receiving for free what subscribers pay monthly fees to view. Pay-cable channels, including Time Inc.'s Home Box Office and Viacom's Showtime, are also miffed. Whereas cable subscribers pay extra monthly fees for these movie and special-events channels, dish owners can bypass cable and receive them free of charge...