NAACP campaign changed more than TV

Article Abstract:

Television broadcasters have relented to NAACP CEO Kweisi Mfume's demands to have more diversity at all levels in network TV. ABC, CBS, NBC and Fox have all agreed to hire more minorities, apparently mindful of Mfume's calculating nature. In addition to the NAACP's 1 million members and donors, Mfume has increased the clout of his organization by forming alliances with other organizations, such as the National Latino Media Coalition and American Indians in Film & Television.

Social procedures

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Network's ownership might soon be settled

Article Abstract:

The ownership and future of No. 5 US television network United Paramount Network (UPN) will be decided on Mar 20, 2000, when BHC Communications decided whether to sell its 50% stake in the network for $5 million to partner Viacom, or to buy Viacom's interest for the same price. UPN Chief Dean Valentine says that its ultimate owner needs to be a firm that has the financial strength for future investments, access to a production studio and a collection of TV stations for national distribution.

Use of Funds, United Paramount Network

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DirecTv owner to buy USSB for $1.25B

Article Abstract:

U.S. Satellite Broadcasting (USSB), a provider of premium cable TV channels will be acquired by Hughes Electronics for $1.25 bil in cash and stocks. The acquisition of USSB is expected to provide Hughes Electronics' subsidiary, DirecTv, additional channels from 185 to 210 channels and contribute additional income of $12 to $12.50 per month and between $57 to $58 per customer. The acquisition is currently waiting for an approval from the Federal Communications Commission and the Department of Justice.

Asset sales & divestitures, Acquisitions & mergers, Hughes Electronics Corp.

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