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The new company, if formed, would be a major media player, with the NBC television network, cable networks like MSNBC and CNBC and movie-maker Universal Pictures â€â€? which produced such recent movies as "Seabiscuit" and "The Hulk Wright said the new firm would be "superbly positioned to generate substantial growth both now and in the long term After a board meeting in Paris last week, Vivendi said an eventual agreement with either NBC or the Bronfman group would leave the French company with a "substantial" stake in a U Lee Partners, a private equity fund, and Cablevision Systems Corp Vivendi Universal shares rose 4 media group Bronfman, who once controlled the Universal properties as chief executive of Seagram Co "I think we are in front of a very good deal," Vivendi board member Fernando Falco y Fernadez de Cordova said after emerging from a closed door meeting where the board weighed GE's bid against another from a group led by investor Edgar J Both MGM and Malone said they were dropping out of the bidding process because they felt the price was too high " Once the deal is closed, the shareholders of Vivendi Universal would receive $3 " Other components of the new firm would include the Universal television studios, which make NBC's "Law and Order" and "Jerry Springer," several theme parks and Universal's three cable channels, USA, Sci-Fi and Trio GE shares were up 36 cents at $29 The Bronfman-led group includes Thomas H ," Vivendi Chairman Jean-Rene Fourtou said in a statement Some of the biggest titans of the U 06) per share in Paris trading Tuesday Bronfman Jr 93 in afternoon trading on the New York Stock Exchange Vivendi said the company that would be formed if a final deal is reached would be 80 percent owned by Fairfield, Conn It would have revenues of $13 billion in 2003, Vivendi said in a statement agreed Tuesday to enter exclusive negotiations to merge Vivendi's U S -based GE and 20 percent by Vivendi , CBS and MTV parent Viacom Inc Vivendi, GE Discuss Entertainment Merger Sep 2, 3:44 PM EST Vivendi Universal SA and General Electric Co S 8 billion in cash and stock, and would reduce its debt by $1 , spent the weekend in a last-ditch lobbying effort to salvage his bid, a source familiar with the matter told The Associated Press and Metro-Goldwyn-Mayer Inc entertainment assets and GE's NBC division, the French media and utilities conglomerate said media world expressed interest in Vivendi's entertainment arm during the monthslong bidding process, including cable TV mogul John Malone of Liberty Media Corp Viacom had expressed interest only in the cable channels, and was effectively left out of the final round of bidding when Vivendi said it would continue talks only with NBC and Bronfman's group It also said it would explore a public offering for the entertainment assets , a cable TV company in New York that owns AMC, the Independent Film Channel and WE: Women's Entertainment channels Vivendi said the combined media and entertainment business would be headed by Bob Wright, longtime leader of NBC and vice chairman of GE 6 billion as part of the transaction, Vivendi's statement said 60 ($18 "We have developed a plan to create an exceptional media company, which would rank among the most profitable in the U The decision to go with GE followed months of negotiations and efforts by Vivendi to find a partner for its glamorous entertainment assets S 1 percent to close at ?16 Vivendi has been hoping to fetch $14 billion for the Universal assets to pay down huge debts run up during a buyout spree under former chief executive Jean-Marie Messier S Simpson, Jackson Draw Top Weekend Ratings Apr 13, 6:38 PM EST Television viewers didn't abandon their sets during a spring holiday weekend â€â€? just ask Jessica Simpson and Janet Jackson A ratings point represents 1,084,000 households, or 1 percent of the nation's estimated 108 Struggling ABC had a rare ratings winner with the Easter variety special starring Simpson and husband Nick Lachey The 11 For the week of April 5-11, the top 10 shows, their networks and viewerships: "American Idol" (Tuesday), Fox, 23 nielsenmedia 4 million TV homes 1 million; "The Swan," Fox, 15 million; "Friends," NBC, 13 9, 3; UPN: 1 ABC's "World News Tonight" had 8 5 million; "The Apprentice," NBC, 22 million; "Survivor: All-Stars," CBS, 20 2 million viewers, but won among the 18-to-49-year-old demographic 0, 9), the WB and UPN both had 2 Fox had 8 While not up to the 16 CBS won the week in prime time, averaging 11 million viewers (7 5 million; NCAA Men's Basketball Championship: Georgia Tech vs 8 million; "American Idol" (Wednesday), Fox, 20 4 million (6 7 million (The WB: 1 8, 3) and Pax TV 1 million (0 2 million viewers last Monday 6 million viewers (5 â€â€?â€â€?â€â€? On the Net: http://www 5 million audience was relatively modest, but it enabled ABC to win Sunday night among young viewers craved by advertisers 7, 1) NBC was second with 10 6 million; "ER," NBC, 20 million; "CSI: Crime Scene Investigation," CBS, 19 6 million audience for Jennings' "In Search of Jesus" special in 2000, it was still a strong showing for ABC 8, 10) NBC's "Nightly News" won the evening news ratings race, averaging 8 2 rating, 12 share) 4 rating, 14 share) The share is the percentage of in-use televisions tuned to a given show 6 million (4 Connecticut, CBS, 17 9 million viewers (6 3, 9), ABC 7 Jackson's guest-host appearance on NBC's "Saturday Night Live" helped that show to its best performance since Al Gore was on in December 2002, according to preliminary Nielsen Media Research ratings 8 million As if Donald Trump's self-image needed any help, "The Apprentice" hit a milestone last week by outdrawing producer Mark Burnett's other creation, "Survivor 8 million; "Without a Trace," CBS, 13 " Peter Jennings' three-hour special on Jesus and Paul drew 11 0, 13) and the "CBS Evening News" had 6 com 7 million (5 |
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