CBS merges with Viacom in blockbuster deal worth $34.5
Article Abstract:
CBS Corp has agreed to merge with Viacom Inc in a $34.5 billion stock deal. The deal will bring together CBS' television, radio and outdoor advertising holdings with Viacom's various media operations ranging from Paramount Pictures, MTV, Nickelodeon to Blockbuster video stores. The merger will result in a media giant with total assets of $80 billion. Their merger is seen as an offshoot of less stricter federal regulations regarding the ownership of TV stations and programming.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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AMR hasn't ruled out further investment in CAI
Article Abstract:
AMR Corp of Fort Worth, TX, has announced that it may boost its investments in financially troubled affiliate, Canadian Airlines International Ltd. AMR subsidiary American Airlines Inc is the largest shareholder in Canadian Airlines, which are both support Onex Corp's unsolicited takeover bid to acquire and merge Canadian Airlines and Air Canada. AMR said that a combination of the two national carriers is needed to solve Canada's overcapacity problem in the airline sector.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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