TITLE

Vivendi Universal Expects Six Offers For Media Assets

AUTHOR(S)
Higgins, John M
PUB. DATE
June 2003
SOURCE
Broadcasting & Cable;6/23/2003, Vol. 133 Issue 25, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the plans of Vivendi Universal to auction its U.S. entertainment assets, which include cable's USA and Sci Fi channels, the USA Studios production division, and Universal Studios itself. Six players are expected to submit offers: Liberty Media, Viacom, General Electric's NBC, minor studio MGM, and two investment groups. The bids are likely to be all over the map, with most would-be buyers picking and choosing among Vivendi's media units. NBC plans to submit a bid for the cable networks, the TV production arm and the movie studio. Viacom, whose President Mel Karmazin has said he wants to own only Sci Fi Channel, is likely to bid for USA Network and has expressed willingness to buy Universal Studio.
ACCESSION #
10106295

 

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