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...YORK -- Capital Cities Communications Inc announced an agreement yesterday to acquire the much larger American Broadcasting Cos Inc (ABC) for more than $3.5 billion in a deal that includes the participation of Warren Buffett, one of the nation's richest...
...deal most be approved by stockholders and will require "some divestitures" to obtain regulatory approval, according to ABC and Capital Cities, both of which own local television stations. The proposed combination would be called Capital Cities ABC...
...ABC which had been a rumored takeover target for months, had been a strong second in the prime time TV ratings in recent years but it slid into third in the current season. However, its daytime TV operations remain highly profitable, analysts...
Created in February 1984, when the three-year-old ARTS network (a co-venture of ABC and the Hearst Corp.) acquired the programming of the defunct Entertainment Channel, A&E is in the midst of a major push for viewers and visibility. During the first three months of this year, the network is introducing 45 new programs or series and has launched a multimillion-dollar national advertising campaign to promote them. More than 12 million cable homes now receive some or all of A&E's 20-hour-a-day schedule, usually as part of their basic cable service. Though...
Some of these shows have enhanced the public's understanding of issues and its appreciation for the specific accomplishments of public figures. Others, however, have blatantly treated speculation as fact, or even knowingly distorted the truth to advance a cause or enhance a dramatic scene. ABC's The Trial of Lee Harvey Oswald presupposed that President Kennedy's assassin was not murdered by Jack Ruby, then argued the case that Kennedy was slain by a conspiracy. CBS's Kill Me If You Can played down the crimes of Sex Offender Caryl Chessman and dwelt on his slow, gruesome execution...