Word: viacom
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Viacom Edge on Paramount...
...Viacom raised its offer to $10 billion in its friendly attempt to merge with Paramount Communications and gained an advantage over rival QVC by making its tender two days ahead of QVC's $10.1 billion offer. Meanwhile, Paramount announced that it would join Chris-Craft Industries to launch a fifth national television network in January...
...entrepreneurs large and small have seized on VR, hoping to turn Defense Department-bred technology into show-biz profit. Companies from the Hudson River to Tokyo Bay -- the brand names include Paramount Communications, AT&T, Viacom, Sega, Nintendo, Sony, Matsushita, Edison Brothers, Hasbro and Time Warner -- are betting cumulative billions on VR. Christopher Gentile of Abrams/Gentile Entertainment, which is developing a home-VR system in Princeton, New Jersey, predicts virtual game shows by 1996. How about 3-D TV? Shopping by VR? The Home Sex Network? "If someone gets there in the home with the right quality and cost," notes...
...Rockefellers and Harrimans a century ago were simpleminded checkers games by comparison to this 3-D chess match. Tracking the corporate cross-purposes and potential conflicts of interest makes the brain hurt. Paramount's Davis, surely a lame duck no matter who wins, wants Sumner Redstone's Viacom to become his proprietor, but both will be millions richer even if Diller and Malone prevail. Because Malone controls a quarter of the stock in Turner Broadcasting, mellowing Ted Turner (he told someone recently he's "a lot less hungry" than certain other moguls) was persuaded last week not to offer...
...pots and all the kettles are black. Viacom had a point when it sued Malone last week, accusing him of "bullyboy" monopolism (Malone not only is the country's largest cable-system operator, but owns significant chunks of a dozen basic cable channels, and with Paramount would get half the USA Network). But Viacom enjoys a pretty monopolistic lock on the music-video business with...