Merger fulfills needs of each

Article Abstract:

The consolidation of Internet service provider America Online Inc (AOL) and media giant Time Warner Inc, through the former's $160-billion-in- stock buyout of the latter, is deemed by many as mutually beneficial to both companies. Time Warner will have an easier time in using the Internet as a medium of distribution for its movies, television programs, cable service and magazines. On the other hand, AOL can use Time Warner's clout in news and entertainment in promoting its online service.

Radio and Television Broadcasting, Radio & TV Broadcasting, Internet service providers, Time Warner Inc.

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Viacom, CBS merger gets OK

Article Abstract:

The FCC has approved the $36-billion acquisition of CBS Inc by Viacom Inc. Besides CBN, the deal would make Viacom the owner of UPN, 35 TV stations, more than 160 radio stations, Paramount Pictures, the Blockbuster video store chain and a major TV syndication organization. The FCC has given Viacom six months to divest seven radio stations to comply with station- ownership limits. It also has a year's time to comply with a rule prohibiting a company from owning two broadcasting networks, such as CBN and UPN.

Television Broadcasting, Commercial TV Stations, CBS Broadcasting Inc., Commercial television stations

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$52B deal builds cable giant

Article Abstract:

Comcast Corp. acquires AT and T Broadband for $52 billion. The deal will give Comcast the largest market share of the cabe subscribers in the nation and will be called AT and T Comcast Corp.

Cable and other pay TV services, Organizational nomenclature, Comcast Corp., CMCSA, Company Profile, Comcast Cable Holdings L.L.C., AT&T Comcast Corp.

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