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Posts Tagged ‘Viacom Inc.’

LAT In 90 Seconds

dreamsss.jpgCelebrity Splits: Claudia Eller likens the breakup of DreamWorks SKG and Viacom Inc.‘s Paramount Pictures to a divorce, saying “the only issue now is who gets custody of the children. Like custody battles anywhere, this one could get nasty.” At stake, hundreds of movie projects and employees who work for DreamWorks.

anilambani.jpgHollywood Going Bollywood? Indian movie mogul Anil Ambani is “in talks to help finance a move by DreamWorks SKG, the studio founded by Steven Spielberg, David Geffen and Jeffrey Katzenberg, to become an independent company again.”

s263720.jpgPatt Morrison Throwing Signs? Patt Morrison compares her book club to a troubled youth book club and learns that all book clubs are kinda gang-like. At least, that was our read.

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LAT In 90 Seconds

34331516.jpgFitzSimons Resigns: Tribune Co. CEO Dennis J. FitzSimons is stepping down as soon as Sam Zell completes his deal to take the company private — which could be Thursday or Friday. FitzSimons, who slashed budgets at the LAT to the point that two top editors resigned in protest, will likely not be missed much. But who needs a cake and heartwarming stories when you’re making off with $40 million in severance and other payout deals.

logostogether.jpegMore Giant Media Circle Jerks: Viacom Inc. and Microsoft Corp. signed a five-year, $500-million “strategic partnership,” which allows Viacom to supply Microsoft with movies, videos and games, in return for Microsoft selling advertising for Viacom’s Internet sites.

kjm.jpgNewspapers Fucked: The Federal Communications Commission relaxed a 32-year rule banning corporate ownership of a newspaper and broadcast station in the same city. The move — if it’s not overturned in court — could mean more mergers. Which usually doesn’t bode well for newsrooms. In another move, the FCC also pissed off Comcast by tighten a rule aimed at checking the growth big cable television companies. So, basically, everyone’s miserable. Except Sam Zell. Fancy that.