NBC Wins Primetime With "TNF" Columnists Review NBA VR Experience Woods' Return Boosts NBC Golf Viewership Media Notes Barstool Sports To Begin Radio Show On SiriusXM ABC's Saturday Night CFB Up 10% This Season Warriors Drawing Big Coverage From All Over Pistons Unveil Interactive Live-Action Video Game Media Notes Colts-Jets Gets 6.0 Overnight Rating For ESPN
DISNEY BUYS CAP CITIES/ABC: SELECTED REAX
Published August 1, 1995
WASHINGTON POST'S PAUL FARHI: "In one stroke, Disney would become the largest among the handful of global entertainment goliaths" (WASHINGTON POST, 8/1). MEDIA ANALYST PAUL SCHULMAN: "It's a shock. If you'd heard Disney had bought one of the three networks, your third guess would have been ABC. How did they keep this quiet? That's what I want to know" (USA TODAY, 8/1). BOOZ, ALLEN & HAMILTON'S MICHAEL WOLF: "The merger wave in media is far from over. I think this puts a premium on the two remaining networks and makes them much more interesting to other media companies" (DAILY VARIETY, 8/1). DREAMWORKS' JEFFREY KATZENBERG: "Everything I speculated on was wrong. This one wasn't even on my radar screen" (L.A. TIMES, 8/1). L.A. TIMES' TOM PETRUNO: "While synergy is an overused word on Wall Street, many large investors say this merger offers more potential for true synergy than most" (L.A. TIMES, 8/1). INVESTOR WARREN BUFFETT: "It's a marriage of the No. 1 content company in the world with the No. 1 distribution system" (REUTERS/FINANCIAL POST, 8/1). SMITH BARNEY'S JOHN REIDY: "This is a colossus among colossuses. ... It's a company which is going to have the muscle to do almost anything it wants" (NEWSDAY, 8/1). L.A. TIMES' CLAUDIA ELLER: "Hollywood, Wall Street and the entertainment media at large were all caught with their pants down" (L.A. TIMES, 8/1). VIACOM CHAIR SUMNER REDSTONE: "There was not a whisper. This was a well kept secret" (BOSTON GLOBE, 8/1). TELE-TV CHAIR & CEO HOWARD STRINGER: "This is Godzilla marrying King Kong. The jungle is going to be a lonelier place for everyone else" (WALL STREET JOURNAL, 8/1). NEWS CORP. CHAIR RUPERT MURDOCH: "They are twice as big as me now" (WALL STREET JOURNAL, 8/1). RUTGERS PROF. BENJAMIN BARBER, in a N.Y. TIMES op-ed: "The fashionable term for all this vertical and lateral corporate integration is synergy, but synergy turns out to be just another word for monopoly" (N.Y. TIMES, 8/1). UPENN'S JOSEPH TUROW: "The engine of all this is the globalization of media. In order to make money on content, you have to be able to move your content through a larger number of distribution windows than in the past" (PHILADELPHIA INQUIRER, 8/1).