Word: viacom
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...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...
...affirmative action, a set of programs designed to help the disadvantaged, Frank Washington stands to benefit from a subsidy worth at least $400 million. Simply because he is black, Washington and his partners were able to make a special tax deferral part of their $2.3 billion acquisition of Viacom Inc.'s cable systems. Under the provision, a company that sells a cable system to a partnership controlled by a minority can qualify to defer its capital gains on the sale indefinitely. The law was designed to encourage minority ownership of broadcast properties, a fact Washington knows better than most...
...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...
What they found was the Viacom New Media release, Club Dead. It's a CD-ROM adventure game for IBM PC and compatibles, and, according to its publishers, it's the first CD-ROM that "truly delivers on the sensibility...