January 12, 1989 |
It was, as they say, the end of an era. Lorimar Telepictures Corp. at last was merged Wednesday into the entertainment mammoth Warner Communications Inc. Lorimar, which made its reputation producing "Dallas" and other television series, will survive as a Culver City subsidiary doing what it has always done best: TV. What it has done with notable lack of success--making movies, especially--has been wound down during the many months that the merger has been impending.
October 29, 1988 |
Lorimar Telepictures, which recently agreed to lower its sale price to Warner Communications, reported Friday a $215-million net loss in the second fiscal quarter ended Sept. 30. In the same period a year earlier, it recorded a loss of $55.6 million. The Culver City-based entertainment firm said the results included an $85-million provision for loss related to commitments to complete and develop certain theatrical motion pictures.