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ABC Merger #94908

ABC Evening News for Monday, Mar 18, 1985
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(Studio) ABC reported merging with Capital Cities Communications, Incorporated (CCCI).
REPORTER: Peter Jennings

(NYC) Decision to sell ABC, creating Capital Cities-ABC Incorporated, examined. [ABC board chairperson Leonard GOLDENSON - praises business rationale behind sale.] CCCI's radio and television stations indicated on map; its publishing holdings detailed. [CCCI SPOKESPERSON - promises not to interfere in ABC's news or entertainment programs.] [ABC president Frederick PIERCE - welcomes help in ratings war.] [CCCI president Dan. BURKE - will comply with FCC regulations.]
REPORTER: Lynn Sherr

(NYC) ABC and CCCI stock activity today graphed on screen; implications of merger for network's stockholders explained. [Paine Webber analyst Ken NOBLE - feels merger will be strong; explains.] CCCI's financing of merger discussed.
REPORTER: Dan Cordtz

Reporter(s):
Cordtz, Dan;
Jennings, Peter;
Sherr, Lynn
Duration:
00:04:00

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