Word: viacom
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Dates: during 1990-1999
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Business leaders and average citizens alike must be alert to the potential threat that corporate mergers pose in America's free marketplace, the chair of VIACOM International said yesterday in a speech at Harvard Law School...
...York City, Sept. 4, 1999: in an action that capped a decade of multibillion-dollar takeovers, the world's last two international media conglomerates today announced that they would merge. BMCAA Viafox (created out of Bertelsmann, MCA, CAA, Viacom and Fox) agreed to accept a bid of $638 billion in cash and stock from Disony GETCITWest (formed from a fusion of Disney, Sony, GE, TCI, Time Warner and Westinghouse). The new entity, which now controls all entertainment on film, TV, CD, video, telephone and computer, will be called, simply, Diller...
...Dakota, chairman of the committee that drafted the Senate's version of the bill, read into the record a letter from a Time Warner senior vice president, Timothy Boggs. The letter involved a contentious pricing provision favored by small cable companies and opposed by entertainment providers Time Warner and Viacom. It indicated that Time Warner's HBO unit had agreed to provide programs to a group of small cable-TV companies, including one in Pressler's home state of South Dakota, and that the agreement hinged on the removal of the pricing provision from the Senate bill. Said Pressler...
...studio chief while he learns more about the company. And Ovitz, according to a CAA representative, is "working his little fanny off." Some industry insiders think Ovitz's real goal is to be the next chairman of Time Warner. And if that, why not the boss of Viacom? Or Supreme Commander of the Galaxy? And would anyone be surprised if the discussions between Ovitz and Bronfman were to start again? After all, they still have a relationship...
...same time, affirmative action will not go down without a fight. Few affirmative-action programs are as egregious as the Viacom deal, and organizations that represent blacks, Hispanics and women are gearing up to lobby together to save as many programs as they can. "We all have to be very careful of what both the White House and the Republicans are doing," warns Democratic Representative John Lewis, a hero of the civil-rights movement. "We are playing with something that can lead to a further polarization of people...