Highlights on the Way to a Global Commercial Media Oligopoly: 1990s -1994 Viacom multimedia and industrial corporation takes control of Paramount Communications for US$ 9.6 billion, as well as Blockbuster Entertainment, a huge video store chain, for US$ 8.4. billion. 1995 Entertainment giant Disney buys Capital Cities-ABC for US$ 19 billion. The industrial and broadcasting company Westinghouse Corp. buys out CBS for US$ 5.4 billion. In a US$ 7.2 billion deal, Time Warner acquires Turner Communications, owner of prime cable TV channels CNN, TBS and TNT and a major classic American film library. 1996 Westinghouse/CBS buys Infinity Broadcasting's large group of radio stations. Murdoch and News Corp. acquire ten more TV stations and TV production studios with the US$ 2.5 billion purchase of New World Communications Group. Viacom buys half of UPN-TV network, adding that to its other holdings, which include eleven TV stations, along with MTV, VH-1, and other cable TV channels and Paramount movie studios. 1997 Radio Groups Chancellor Media and Evergreen merge and are linked by ownership with Capstar Broadcasting; they also buy ten radio stations from Viacom. By mid-1997 Chancellor/Capstar controls no fewer than 325 radio stations around the United States. Chancellor/Capstar's controlling ownership group, Hicks Muse Tate & Furst, buys the seventh largest radio group, SFX, adding another seventy-two radio stations, making a total of nearly four hundred stations controlled by this one source. Westinghouse-CBS buys out American Radio Systems, the fourth largest radio chain in total audience, which gives Westinghouse-CBS over 170 radio stations with a total audience nearly equal to that of the Chancellor/Capstar group. Giant European-based print and electronic publishing and data base corporations Reed Elsevier and Wolters Kluwer merge. 1998 Bertelsmann buys the Random House-Alfred A. Knopf-Crown Publishing group of book publishers from Newhouse/Advance Publications, adding to its Bantam-Doubleday-Dell publishing group and giving Bertelsmann by far the largest English-language publishing operations. 1999 AOL, the worlds leading Internet service provider and Time Warner, the worlds leading classical media company merge in a US$ 243.3 billion deal.

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Extract of AOL Time Warner’s Content Production and Distribution Holdings The following selection does not claim to present an exhaustive listing, but rather picks some of the company's most important assets. Due to the rapid developments in the world of media giants the list is also subject to changes. Cable TV Systems and Channels/Networks Time Warner Cable has 12.6 million subscribers in the U.S. and also runs 5 local 24-hour news stations. Cable TV channels/networks (some part-owned): HBO, HBO Plus, HBO Signature, HBO Family, HBO Comedy, HBO Zone, Cinemax, MoreMAX, ActionMAX, ThrillerMAX, HBO en Espa-ol, Comedy Central, Court TV, HBO Ole, HBO Asia, HBO Central Europe, CNN, CNN Headline News, CNN International, CNNfN, CNN/Sports Illustrated, CNN en Espa-ol, CNN Airport Network, CNN Radio, CNN Radio Noticias, CNN Interactive TBS Superstation, Turner Network Television, Cartoon Network, Turner Classic Movies, TNT Europe, Cartoon Network Europe, TNT Latin America, Cartoon Network Latin America, TNT & Cartoon Network/Asia Pacific, CNN+, n-tv Movies, TV, Video Production, and Movie Theaters Warner Bros. film studio Warner Bros. Television production studios Warner Bros. Home Video Turner worldwide Home Video Turner Pictures Castle Rock Entertainment movie production company New Line Cinema movie production company Warner Bros. film library Turner Film Library Hanna Barbera Cartoons Owns many movie houses, with over 1,000 screens, around the world Book Publishing Time Life Inc. Book-of-the-Month Club Warner Books Little, Brown and Company Oxmoor House Leisure Arts Sunset Books Magazines Time, People, Sports Illustrated, Fortune, Life, Money, Parenting, In Style, Entertainment Weekly, Cooking Light, Baby Talk, First Moments, Coastal Living, Health, Progressive Farmer, Southern Accents, Southern Living, Sports Illustrated, For Kids, Sunset, Teen People, Time for Kids, Weight Watchers, Mutual Funds, Your Company, Asiaweek, President, Wallpaper. Hippocrates Recorded Music Warner Music Group The Atlantic Group Elektra Entertainment Group Rhino Entertainment Sire Records Group Warner Bros. Records Warner Music International WEA Inc. WEA Corp. WEA Manufacturing Ivy Hill Corp. Warner Special Products Alternative Distribution Alliance Giant Merchandising Deals with record labels include: Maverick records Tommy Boy Sub Pop Qwest 143 Records Internet and New Media About 130 Websites including: CNN.com, AllPolitics.com, CNNSI.com, Time Digital, People, Southern Living, Sports Illustrated Turner New Media Online Services including: Compuserve, Netscape, Netcenter Pro Sports Teams and Promotions Atlanta Braves major league baseball team Atlanta Hawks NBA basketball team World Championship Wrestling Goodwill Games Other Six Flags entertainment/excursion parks Warner Bros. Movie World theme park Over 150 Warner Bros. stores, plus Turner Retail Group 25 % stake in Atari 14 % stake in Hasbro Business Connections with Other Media Companies Joint ventures, equity interests or major arrangements with Viacom, Sony, Bertelsmann, News Corp., Kirch, EMI, Tribune Co., and others.

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ARPAnet ARPAnet was the small network of individual computers connected by leased lines that marked the beginning of today's global data networks. Being an experimental network mainly serving the purpose to test the feasibility of wide area networks, the possibility of remote computing, it was created for resource sharing between research institutions, not for messaging services like E-mail. Although research was sponsored by US military, ARPAnet was not designed for directly martial use but to support military-related research. In 1969 ARPANET went online and links the first two computers, one of them located at the University of California, Los Angeles, the other at the Stanford Research Institute. But ARPAnet has not become widely accepted before it was demonstrated in action to a public of computer experts at the First International Conference on Computers and Communication in Washington, D. C. in 1972. Before it was decommissioned in 1990, NSFnet, a network of scientific and academic computers funded by the National Science Foundation, and a separate new military network went online in 1986. In 1988 the first private Internet service providers offered a general public access to NSFnet. Beginning in 1995, after having become the backbone of the Internet in the USA, NSFnet was turned over to a consortium of commercial backbone providers. This and the launch of the World Wide Web added to the success of the global data network we call the Net. In the USA commercial users already outnumbered military and academic users in 1994. Despite the rapid growth of the Net, most computers linked to it are still located in the United States.

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Rudy Giuliani Born in 1944, Giuliani became famous in the mid Eighties, as a typical Eighties figure: a censor of corruption and greed. In the Seventies he had switched his registration from Democratic to Republican, and served a stint in the Reagan Justice Department. In 1983 he became U.S. Attorney for the southern District of New York, and his career took off. He was aggressive, headline grabbing, none too scrupulous about the finer points of civil liberties, and often effective. He used the RICO Act against organized crime, and pioneered the use of asset forfeiture in prosecuting drug dealers. He also moved against political corruption in New York City, toppling the Democratic leaders of the Bronx and Queens.

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