America WAKE the heck up4

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Information about America WAKE the heck up4
Entertainment

Published on October 28, 2008

Author: rubyred

Source: authorstream.com

Slide1:  1985 Ted Turner makes a takeover attempt on CBS. Loew's president, Laurence Tisch, buys a 25% share in CBS to block Turner's takeover. Loews is a multi-national conglomerate with interests ranging from tobacco to insurance. Jesse Helms and Ivan Boesky also make unsuccessful bids for CBS. 1985 First Blockbuster Video store opens in Dallas 1986 Tisch becomes CEO of CBS 1987 Slide2:  William S. Paley purchases the Columbia Broadcasting System for $400,000. Paley first became interested in the radio business after purchasing advertising time for his La Palina Cigar company. 1935 Famous Players-Lasky Corp. becomes Paramount Pictures after bankruptcy and reorganization. 1937 Edward R. Murrow and William L. Shirer do a radio news program which eventually becomes The CBS World News Roundup 1938 CBS buys American Record Company, owner of the Columbia Phonograph label. CBS renames the division Columbia Record Corp. 1941 CBS launches the first commercial black & white television broadcast 1949 Department of Justice announces the Paramount decree which forces the film studios to sell off their movie theaters Slide3:  1954 Sumner Redstone takes control of National Amusements Inc. (NAI), a chain of movie theaters 1961 Murrow resigns from CBS 1964 CBS purchases the New York Yankees 1966 Diversified conglomerate, Gulf + Western, buys Paramount Pictures. Gulf + Western is owned by Charles Bluhdorn 1968 CBS teams up with a Japanese company to form CBS-Sony Records 1970 FCC's Fin-Syn ruling limits the financial interest television networks can have in syndicated programming. As a result, Viacom is formed after CBS spins off its television programming arm 1973 CBS sells Yankees to George Steinbrenner 1981 Dan Rather replaces Walter Cronkite as anchor on the CBS Evening News 1981 MORE!!!:  MORE!!! 1990 Paley dies of a heart attack at age 89 1994 Viacom acquires Paramount Communications for $10 billion. Viacom was in a bidding war for Paramount with USA Networks. 1994 Viacom acquires Blockbuster Video from Huizenga for $8.4 billion 1995 Viacom sells Madison Square Garden and its related properties to Cablevision, and ITT for $1 billion 1995 Viacom sells its cable systems to John Malone's TCI 1995 (November) CBS is sold to the Westinghouse Corporation for $5.4 billion 1995 (January 16) UPN network hits the television airwaves 1996 Slide5:  Redstone becomes Viacom's CEO 1996 Westinghouse/CBS buys Infinity radio broadcasting and outdoor advertising group for $4.7 billion. This deal is mainly a result of the Telecommunications Act of 1996 which heavily deregulated the media industry and allowed a company to significantly increase the amount of radio stations it could own. 1997 CBS buys American Radio Systems chain 1997 Viacom deals its educational, professional and reference publishing businesses to Pearson for 4.6 billion. Viacom retains Simon & Schuster. 1997 Westinghouse changes name to CBS and sells its hardware and manufacturing operations 1999 CBS buys King World Productions, leading television program syndicator, for $2.5 billion 1999 Infinity buys Outdoor Systems billboard group for $8.3 billion. This is why this country is in an economic mess now!:  This is why this country is in an economic mess now! 1999 (September, 7) Viacom and CBS announce merger. The $50 billion deal, the largest media merger of the time, comes one month after the FCC gives approval to duopolies. The new Viacom has 33 television stations which eclipse the FCC's 35 % ownership cap. The cap is based on the amount of stations one company owns that reach 35% or more of the nation's television households. 2001 United States Court of Appeals, DC Circuit gives Viacom temporary approval to exceed the 35% ownership cap 2001 Viacom completes $3 billion deal for BET Inc. 2002 Viacom completes acquisition of KCAL-TV (Los Angeles) from Young Broadcasting Inc. for $650 million. The deal forms a Viacom duopoly in Los Angeles raising the number of markets where it owns two broadcast stations to eight.

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