Where will media's new king take us?

Article Abstract:

America Online Inc's (AOL) $145-billion acquisition of Time Warner Inc is expected to have a dramatic impact on the nature of competition on the Internet. The union of the biggest Internet service provider with a media company will result in the search for novel means of bringing news and entertainment to the public. Industry observers are convinced that the AOL-Time Warner deal will lead to a number of similar deals in the future.

Motion Picture & TV Production, Internet service providers, Time Warner Inc.

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Some find Seagram CEO's strategy hard to pinpoint

Article Abstract:

Seagram owner Edgar Bronfman Jr's decision to sell the family business to Vivendi has been criticized by observers and entertainment executives. His ability as a businessman was praised when he turned the liquor company into a showbiz power by buying 80% of Universal in Apr 1995. However, his other deals such as the sale of Universal's domestic TV production arm, the firing ofFrank Biondi as Universal's CEO and the purchase of PolyGram in 1999 have left observers confused. Vivendi bought Seagram for $34 billion, a price which is 25% more than Seagram's market price before the acquisition.

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Vivendi, Seagram, CanalPlus seal deal; investors uneasy

Article Abstract:

Vivendi has declared the acquisition of Seagram and CanalPlus on Jun 20, 2000. The announcement, however, has driven Vivendi shares down by 8.7%. Since word of the deal has been leaked, its price has been off by 23%. The attitude of nervous European investors has driven the value of the transaction from $34 billion to $29.4 billion. However, the deal has been hailed by Seagram owner Edgar Bronfman, Jr, as the culmination of the company's transformation into an entertainment firm.

CanalPlus

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