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Joseph E Seagram Sons

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BUSINESS
October 5, 1996 | Times Staff and Wire Reports
FCC Responds to Complaints About Liquor Ads: Federal Communications Commission Chairman Reed Hundt called liquor commercials from Joseph E. Seagram & Sons "a troubling new development" and said the FCC plans to deal with concerns about spirits advertising on TV. The Seagram spots for Crown Royal and Chivas Regal whiskey brands are airing despite a 48-year-old voluntary ban on TV advertising.
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BUSINESS
October 5, 1996 | Times Staff and Wire Reports
FCC Responds to Complaints About Liquor Ads: Federal Communications Commission Chairman Reed Hundt called liquor commercials from Joseph E. Seagram & Sons "a troubling new development" and said the FCC plans to deal with concerns about spirits advertising on TV. The Seagram spots for Crown Royal and Chivas Regal whiskey brands are airing despite a 48-year-old voluntary ban on TV advertising.
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BUSINESS
January 17, 1985
Joseph E. Seagram & Sons Inc., a distilled-spirits unit of the firm, said the reorganization is intended to reduce competition between Seagram brands and improve sales performance in the difficult U.S. market. The plan, which will go into effect Feb. 1, will result in "substantial" cutbacks in personnel. The company said it will attempt to find other jobs for the affected employees, who number about 200.
NEWS
May 21, 1997 | Associated Press
Subsidiaries of foreign companies contributed more than $12 million toward last year's election campaigns, a study found. Legitimate subsidiaries of foreign corporations can legally donate millions of dollars earned in the United States. In 1995 and 1996, foreign-owned subsidiaries gave at least $8.4 million to Republicans and $4.1 million to Democrats, said the nonpartisan Center for Responsive Politics. Joseph E. Seagram & Sons led the list, contributing $1.
BUSINESS
March 29, 1989 | From Associated Press
Joseph E. Seagram & Sons Inc. said Tuesday that it will divest itself of trademark or sales and marketing rights to 17 brands of distilled spirits in the United States. Seagram, the U.S. subsidiary of Seagram Co. of Canada, said it decided to drop rights to the non-essential spirits last November. Terms of the deals were not disclosed. Seagram said in a statement that Heaven Hill Distilleries Inc. of Bardstown, Ky.
BUSINESS
October 19, 1996 | Times Staff and Wire Reports
FCC Urges Advertisers to Protect Children From Liquor Ads: In a letter to the National Assn. of Advertisers, Federal Communications Commission Chariman Reed Hundt said that if it takes "proactive and responsible action" the FCC won't have to. At least three FCC commissioners have voiced concern about the appearance of Joseph E. Seagram & Sons liquor ads on a handful of small, local TV stations in spite of a 48-year-old voluntary ban.
BUSINESS
June 1, 1993
Declaring that Seagram believes "the media and entertainment business is one of the great growth sectors for the 1990s and beyond," the giant Canadian distillery has plunked down $702 million to purchase 21.1 million shares in Time Warner, giving it a 5.7% stake. Chairman Edgar M. Bronfman says the company plans to increase its stake to as much as 15%. Said one analyst: "This move into Time Warner is a significant investment, as it is a dramatic departure from Seagram's core business."
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