ESPN's Jed Drake Talks World Cup Prep Sources: Fox Keeps UEFA Champions League Arum: Pacquiao-Rios Drew 500,000 PPV Buys Filming Underway For HBO's "24/7" College Media Notes Final Ratings: CFB, LPGA, F1 Media Notes Winston News Bumps Ferrell Off "SportsCenter" Texans-Jags Not NFL Network's Ideal Matchup Rob Ford Shows Up On DC Sports Talk Station
VIACOM/BLOCKBUSTER SHAREHOLDER VOTE COMES TODAY
Published September 29, 1994
Blockbuster Entertainment shareholders meet in Ft. Lauderdale today to vote on the company's proposed merger with Viacom. Analysts expect the deal to be approved with 22% of Blockbuster stock committed to the deal. Management needs to win about a third of the uncommitted shares to win the vote. Craig Bibb, Paine Webber media analyst: "95% of all deals recommended by the board happen" (Don Finefrock, MIAMI HERALD, 9/29). Viacom and Blockbuster stocks were "among the most active" stocks yesterday. Blockbuster stock closed +3/4 to 28 1/8 while Viacom B stock was +1 3/4 to 38 3/4 ("Business Insiders," CNBC, 9/28).