Media merger shifts focus to Web products

Article Abstract:

The merger between American Online and Time Warner should prod other entertainment companies to develop products geared specifically for the Internet. Industry observers believe that Time Warner is in a position to get ahead of its competitors. The deal also confirmed that there is still a role for traditional media on the Internet. Joe Roth, the former chairman of Walt Disney Studios, said that prior to the merger there were fears that new media companies would use old media firms as product vendors.

Internet service providers, America Online Inc.

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Vivendi deal with Seagram takes big leap

Article Abstract:

French media and utilities conglomerate Vivendi is expected to finish its acquisition of Seagram after the European Commission gave its approval to the $30-billion deal. The merged company, to be called Vivendi Universal, would combine Vivendi's European pay-TV unit, Canal Plus, and Internet operations with Seagram's Universal Studios and Universal Music Group. However, Vivendi has to divest itself of its stake in British Sky Broadcasting Group, to satisfy the European Commission's antitrust concerns.

France, Motion Picture Production, Motion Picture and Video Production, Vivendi Universal S.A., Movie production, Seagram Company Ltd.

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African-American media are popular purchases

Article Abstract:

Mainstream media conglomerates are increasingly becoming attracted to minority media companies. A case in point is Viacom's agreement to purchase BET for $3 billion. Another is Time Warners acquisition of a 49% stake in black women's magazine publisher Essence Communications. Some observers are cautious about minority companies losing their independence as they align with larger, mainstream companies. Media experts anticipate that more business deals will arise as larger corporations look to quickly tap those markets by striking deals with companies that already have influence and market share.

Cable TV Networks

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