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BUSINESS
July 25, 2000 | Bloomberg News
General Electric Co.'s NBC joined in the fight against America Online Inc.'s purchase of Time Warner Inc., urging federal regulators to impose stiff conditions on the transaction. NBC, in a filing with the Federal Communications Commission, said AOL-Time Warner should be forced to provide Internet and video rivals with nondiscriminatory access to their cable lines. NBC's entry into the fight against the transaction is a boost for Walt Disney Co.
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BUSINESS
May 13, 2000 | BRIAN LOWRY, TIMES STAFF WRITER
Negotiations between NBC and the cast of "Friends" are going down to the wire, with no agreement in place as the network prepares to announce next season's prime-time lineup to advertisers Monday morning. NBC and Time Warner division Warner Bros. Television, the studio that produces the hit comedy, have gone so far as to set a 9 a.m. Sunday deadline for the six actors, who are seeking raises to about $1 million per episode.
ENTERTAINMENT
March 23, 2000 | BRIAN LOWRY, TIMES STAFF WRITER
Not content to keep letting "Who Wants to Be a Millionaire" dominate prime time, NBC is hoping to find some way to siphon audience from ABC's quiz show sensation. Presenting series candidates for next season to advertisers Wednesday, NBC Entertainment President Garth Ancier said the network must challenge "Millionaire" more aggressively or risk allowing the show to remain a monster hit almost by default.
BUSINESS
March 4, 2000 |
General Electric Corp.'s NBC television unit lost its seat on the board of the National Assn. of Broadcasters, the industry's trade group. The association lifted NBC's board privileges when WNBC-TV in New York, the network's board designee, failed to pay its dues, although the network remains a member in the lobbying group. The action came after NBC demanded that the industry group cut the network's annual dues to $200,000 from $400,000.
BUSINESS
February 26, 2000 | Bloomberg News
Gannett Co., owner of 21 U.S. television stations, said it struck a new, six-year affiliation agreement with NBC that reduces the amount of money the network pays Gannett to distribute its programming. Gannett Vice Chairman Douglas McCorkindale said the cut in compensation is significantly less than the $15-million-a-year reduction reported by the Wall Street Journal, which speculated that NBC would pay about $10 million a year, down from more than $25 million a year.
NEWS
January 7, 2000 | DANA CALVO and GREG BRAXTON, TIMES STAFF WRITERS
The multiethnic coalition that had pressed for diversity in the television industry abruptly splintered Thursday in bitter discord, with nonblack advocacy groups pitted against NAACP President Kweisi Mfume. Just one day after NBC and the National Assn. for the Advancement of Colored People jointly announced an unprecedented agreement to ensure a greater role for minorities at the network, anger escalated over the perceived exclusion of Latinos, Asian Americans and Native Americans from the pact.
SPORTS
October 5, 1999 | LARRY STEWART, From Staff and Wire Reports
NBC, looking to beef up its sports inventory since losing the NFL two years ago, has turned to horse racing. The network announced Monday that it will begin televising the Triple Crown in 2001. Reportedly, NBC will pay $51.5 million for rights over a five-year period. ABC, which has televised the Kentucky Derby since 1975, then added the Preakness and Belmont Stakes in 1987, reportedly bid $35 million to retain the contract.
BUSINESS
September 9, 1999 | SALLIE HOFMEISTER, TIMES STAFF WRITER
During the last year, NBC has had discussions with USA Networks, Time Warner and Sony about teaming up to compete in the fast-consolidating entertainment industry. But the discussions have all fallen apart over a combination of issues including price, control and the sheer complexity of a deal. But waiting sometimes has its advantages.
BUSINESS
August 21, 1999 | SALLIE HOFMEISTER, TIMES STAFF WRITER
NBC Inc. is in advanced negotiations to take a 32% equity interest in Paxson Communications Corp. despite industry skepticism about whether the deal makes sense, according to sources at the network. Under the negotiations, first reported last week in Broadcasting & Cable Online, NBC would buy the stake, which has a current market value of more than $300 million, as a precursor to taking full control of Paxson when federal laws permit.
BUSINESS
February 5, 1999 | From Times Staff and Wire Reports
NBC and Lycos are discussing a deal in which the television network would acquire a 35% stake in the Internet's third-largest search service, the Industry Standard reported Thursday. If the deal is completed, Waltham, Mass.-based Lycos would merge with Snap, an online service operated by CNet that is 60% owned by NBC, the weekly newsmagazine said. The report cited unnamed sources. Both companies declined to comment on the report.
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