Alliance, Atlantis merger approved

Article Abstract:

Atlantis Communications Inc.'s proposed merger with Alliance Communications Corp. has been approved by shareholders. The merged company, to be called Alliance Atlantis Communications Inc., will be headed by Michael MacMillan, as chairman and chief executive officer. After competing in the television production and distribution business for 20 years, the two companies are now getting together under MacMillan's management. MacMillan will be responsible for cutting overhead costs, eliminating at least 100 jobs and forging the two companies' synergies.

Comment:

Will merge with Atlantis Communications

Acquisitions & mergers, Organizational history, Motion Picture and Video Production, TV Commercial Production, Television advertising production, Alliance Communications Corp., Article, Atlantis Communications Inc.

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Alliance Atlantis chief vows to deliver share profit growth

Article Abstract:

Alliance Atlantic Communications Inc CEO Michael MacMillan vowed to increase share profit growth of 15% to 20% a year, a projection criticized as too optimistic by some shareholders. Disbelief in the projected share profit growth is due to the disappointing profit performance of the firm which was $23.3 million in fiscal 1999 versus $26.6 million in 1998. The firm recently eliminated 164 jobs, enlarged its specialty broadcast group and improved its TV production program.

Strategy & planning, Motion Picture and Video Industries, Motion Picture & TV Production

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