BTW
For those who are curious about the media "news" conglomerate :
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#1 General Electric
$100.5 billion
1998 revenues
GE/NBC's ranks No. 1 on the Forbes 500. Prior to its merger with NBC and an alliance with Microsoft, GE specialized in electronics. The peacock owns many New York sports team. It also owns or has equity stakes in many popular websites, including Snap.com and iVillage. NBC includes programming, news and more than 13 TV and radio stations.
Owns 25-50% of the following:
A & E (with Disney and Hearst)
American Movie Classics (25%)
Biography Channel (with Disney and Hearst)
Bravo (50%)
Bravo International
CNBC
Court TV (with Time Warner)
Fox Sports Net
History Channel (with Disney and Hearst)
Independent Film Channel
MSG Network
MSNBC (50%)
National Geographic Worldwide
News Sport
Prime
Prism (with Rainbow, a subsidiary of Cablevision, and Liberty Media, a subsidiary of TCI)
Romance Classics
Sports Channel Cincinnati, Chicago, Florida, New England, Pacific, Ohio, Philadelphia
#2 Time Warner
$26.8 billion
1998 revenues
The largest media corporation in the world, Time Warner owns film and music production companies, theme parks, sports teams, magazines, websites and book publishers as well as Turner Broadcasting. TURNER BROAD-CASTING includes sports teams, programming, production, retail, book publishing and multimedia. WB Television Network.
Owns:
HBO (75%)
Cinemax
HBO Direct Broadcast
Court TV (33% with GE)
TBS Superstation
Turner Classic Movies
TNT
Cartoon Network
Comedy Central (37.5% with Viacom)
Sega Channel
OVATION (50%)
Women's Information Television (WIN) (partial)
TVKO (75%)
4 regional all-news channels
CNN
CNN/SI (with Sports Illustrated)
CNNfn (financial network)
CNNRadio
Headline News
Sportsouth
CNN International
CNN Airport Network
#3 The Walt Disney Co.
$23 billion
1998 revenues
With its 1995 merger with Capital Cities/ABC, Disney has become a fully-integrated media giant. In addition to its theme parks, the company profits from retail outlets, magazines, book publishers, websites, motion pictures, sports teams, TV, cable, radio, music and newspapers. ABC
includes ABC Radio, ABC Video and ABC Network News.
Disney Channel
Disney Television (58 hours/week syndicated programming)
Toon Disney
Touchstone Television
A&E (37.5% with Hearst and GE)
Lifetime Network (50%)
ESPN (80% with Hearst)
ESPN2 (80% with Hearst)
ESPN Classic (80% with Hearst)
ESPN West (80% with Hearst)
ESPNews (80% with Hearst)
Buena Vista Television
Biography Channel (with GE and Hearst)
History Channel (37.5% with Hearst and GE)
Classic Sports Network
E! (35%)
#4 Viacom
$18.9 billion
1998 revenues
Viacom's purchase of Paramount, CBS and Blockbuster Video enables them to use cable, television, movies, comic books, theme parks, music publishing and book publishing to cross-market their products. Broadcasting alone brings in over $6 billion in revenues. CBS
includes stations, CBS Radio, CBS Telenoticias and CBS Network News. UPN includes programming and TV stations (50%).
Nickelodeon
MTV
M2: Music Television
VH1
Showtime
Nick at Nite's TVLand
Paramount Networks Comedy Central (50% with Time Warner)
TNN: The Nashville Network
Movie Channel
FLIX
All News Channel (50%)
Sundance Channel (45%)
Midwest Sports Channel
CBS Telenoticias (30%)
Home Team Sports (66% with News Corporation)
News Corporation
$13 billion
1998 revenues
CEO Rupert Murdoch's style has inspired respect and fear, and it has also made his multinational ventures in publishing, television and satellite services very successful. The company owns 20th Century Fox, the New York Post, the London Times, TV Guide, many stadiums, the LA Dodgers and five New York sports teams. FOX includes programming and stations.
Fox Family Channel (50%)
Fox News Channel
fx (50% with TCI's Liberty Media)
fxM (50% with TCI's Liberty Media)
Fox Sports Net (25% with TCI, GE and Cablevision)
The National Geographic Channel (50%)
FIT TV Partnership
Regional networks, including TV Guide Channel and Fox Sports New York