Word: viacom
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Dates: during 1990-1999
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...being shut out during busy times. Yet the slowing of AOL's once brisk cancellation rate and the acceleration of new arrivals seem to show that Case is at least one step ahead of the complaints. "These guys flirted with disaster," says Daniel Hart, a new-media strategist at Viacom. "Fortunately, they were smart enough to pull...
Murdoch, meanwhile, wants to use the Family Channel as an outlet for Fox's children's programming, thus creating a potent challenger to Viacom's Nickelodeon. "Acquisition of the Family Channel would mark another step in Murdoch's drive to establish a dominant presence in production, packaging and distribution," says Steven Rattner, a media-investment banker at Lazard Freres. "It looks smart...
...settle this weighty issue? They flipped a coin. Not without some maneuvering, of course. Team DreamWorks, which consists of Jeffrey Katzenberg, David Geffen and Spielberg, was determined that Spielberg should follow a premonition and call tails. "I believe in Steven's premonitions," Katzenberg explains. But Sumner Redstone, chairman of Viacom, Paramount's parent company, and a man who would negotiate a sunrise, insisted that Spielberg toss his own quarter while he, Redstone, made the call. The DreamWorkers gave in. Redstone, to their relief, called heads. Tails...
...synergy is the driving force behind media conglomerates, somebody at Viacom Inc. missed a meeting. When the company's MTV and VH-1 video channels recently sought an online-CD outlet, they passed over corporate cousin Blockbuster Entertainment, the video- and record-store Goliath, in favor of a more popular rival, N2K's Music Boulevard. MTV will also contribute news to the sites and promote them over the airwaves. With the $24 million-a-year online-music market expected to grow to $1 billion by 2000, MTV's abandonment is more bad news for the retail chain. Blockbuster has enough...
...largest radio-only company in the country: Chancellor Media Corp. The new outfit combines Evergreen Media Corp. and Chancellor Broadcasting Co., which is controlled by investment firm Hicks, Muse, Tate & Furst and is valued at about $1.5 billion. The company will then buy 10 stations from media giant Viacom for $1.075 billion...