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NETWORK NEWS: ... AND DILLER MAKES SEVEN
Published August 28, 1995
Barry Diller's purchase of Silver King Communications, the nation's 6th largest station group, is seen by many to be the start of his bid to form a seventh broadcast network. With other media giants assembling conglomerates, Diller "is looking for his niche by scavenging for neglected media castaways" (Robichaux & Lippman, WALL STREET JOURNAL, 8/28). Greg Clarkin of the N.Y. POST notes that some analysts believe one of the two new networks (WB, UPN) will not survive the year (N.Y. POST, 8/28). Diller said their goal is to "develop strong local stations with news, information and entertainment" (N.Y. TIMES, 8/26). TAKING A SHOT AT VIACOM: Jack Newfield, author of "Only in America: The Life and Crimes of Don King," is challenging Viacom to stop doing business with King. Newfield, who calls King a murderer and notes his upcoming trial for mail fraud, said he has been telling mutual friends of Viacom's Frank Biondi "that if he has any self-respect and the company he runs has any kind of moral compass, it will stop doing business with Don King." Viacom's Showtime division is in partnership with King on pay- per-view events (REUTERS/DAILY VARIETY, 8/28).