Word: warner
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Dates: during 1980-1989
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...Saatchis soon learned that bulk can have its downside. Many advertisers objected to being crowded into the same corporate tent with rival products. Colgate-Palmolive, Procter & Gamble, Warner-Lambert and other major firms have pulled nearly $600 million worth of accounts from Saatchi-owned agencies since...
...first major sale of assets since Time Inc. acquired Warner Communications last July, the merged company agreed last week to shed a subsidiary that had turned out to be a disappointing performer. Time Warner said it will sell its Illinois-based textbook publishing unit, Scott, Foresman, for $455 million to Harper & Row Publishers, which is owned by media baron Rupert Murdoch's News Corp. When it bought Scott, Foresman in 1986, Time paid $520 million and assumed $50 million in debt. Time Warner's losses on the Scott, Foresman investment will total $175 million, which will be written...
...Time Warner had decided that the textbook division failed to fit well with its other publishing and entertainment businesses. At the same time, the sale will help reduce the $12 billion in debt that the company will assume when its merger is completed, sometime around year...
Nonetheless, the deal will bring Hollywood's two hottest producers to Columbia Pictures. That should help stabilize a struggling studio that has gone through three top management teams since 1978 and had been at a standstill while awaiting the outcome of the Sony-Warner battle. But after paying a spectacular price for admission to the U.S. movie business, Sony will expect its two hitmakers to deliver some true Hollywood miracles...
Local stations use satellites to expand their newscasts -- and their profits. GM is angry over leaked pictures of its top-secret Saturn. Sony and Warner strike a deal...