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Gulf Western
Gulf and Western Industries, Inc. (stylized as Gulf+Western) was an American conglomerate. Originally, the company focused on manufacturing and resource extraction. Beginning in 1966, and continuing throughout the 1960s and 1970s, the company purchased a number of entertainment companies, most notably Paramount Pictures in 1966, Desilu Productions in 1967, and a number of record companies, including Dot Records (a subsidiary of Paramount Pictures at the time of purchase) and Stax Records. These became the nuclei of Paramount Television and Paramount Records respectively. The company sold its non-publishing and entertainment assets through the course of the 1980s, with the company re-branding itself as Paramount Communications in 1989. A controlling interest of Paramount Communications was purchased by Viacom in 1994, and the entertainment assets of Gulf and Western are today part of the media conglomerate Paramount Global (also used the Paramount name as the holding compan ...
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Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ...
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Sega
is a Japanese multinational corporation, multinational video game and entertainment company headquartered in Shinagawa, Tokyo. Its international branches, Sega of America and Sega Europe, are headquartered in Irvine, California and London, respectively. Its division for the development of both arcade games and home video games, Sega Games, has existed in its current state since 2020; from 2015 to that point, the two had made up separate entities known as Sega Games and Sega Interactive Co., Ltd. Sega is a subsidiary of Sega Sammy Holdings. From 1983 until 2001, Sega also developed List of Sega video game consoles, video game consoles. Sega was founded by American businessmen Martin Bromley and Richard Stewart as on June 3, 1960; shortly after, the company acquired the assets of its predecessor, History of Sega, Service Games of Japan. Five years later, the company became known as Sega Enterprises, Ltd., after acquiring Rosen Enterprises, an importer of Arcade game, coin-oper ...
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Bohn Aluminum And Brass Corporation
Bohn Aluminum and Brass Corporation was a manufacturing company based in Detroit, Michigan and formed in 1924 from the merger of the General Aluminium and Brass Company and the C.B. Bohn Foundry Company. It produced a series of notable advertisements depicting applications of its product in futuristic environments. It merged into Universal American Corporation in 1963. Universal American merged into Gulf and Western Industries in 1966. Gulf and Western later sold Bohn to the Wickes Companies. Wickes sold Bohn Aluminum and Brass to Norsk Hydro and its Heat Transfer Group division (which included Bohn Heat Transfer) to the Heatcraft subsidiary of Lennox International Lennox International Inc. is a provider of climate control products for the heating, ventilation, air conditioning, (in the complex colloquially called: HVAC) and refrigeration markets. The company is based outside Dallas, Texas in the United .... References External sources Imaging the Future, Arthur Radebaugh, ...
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Detroit Free Press
The ''Detroit Free Press'' is the largest daily newspaper in Detroit, Michigan, US. The Sunday edition is titled the ''Sunday Free Press''. It is sometimes referred to as the Freep (reflected in the paper's web address, www.freep.com). It primarily serves Wayne, Oakland, Macomb, Livingston, Washtenaw, and Monroe counties. The ''Free Press'' is also the largest city newspaper owned by Gannett, which also publishes ''USA Today''. The ''Free Press'' has received ten Pulitzer Prizes and four Emmy Awards. Its motto is "On Guard for Years". In 2018, the ''Detroit Free Press'' received two Salute to Excellence awards from the National Association of Black Journalists. History 1831–1989: Competitive newspaper The newspaper was launched by John R. Williams and his uncle, Joseph Campau, and was first published as the ''Democratic Free Press and Michigan Intelligencer'' on May 5, 1831. It was renamed to ''Detroit Daily Free Press'' in 1835, becoming the region's first daily newsp ...
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Western United States
The Western United States (also called the American West, the Far West, and the West) is the region comprising the westernmost states of the United States. As American settlement in the U.S. expanded westward, the meaning of the term ''the West'' changed. Before about 1800, the crest of the Appalachian Mountains was seen as the western frontier. The frontier moved westward and eventually the lands west of the Mississippi River were considered the West. The U.S. Census Bureau's definition of the 13 westernmost states includes the Rocky Mountains and the Great Basin to the Pacific Coast, and the mid-Pacific islands state, Hawaii. To the east of the Western United States is the Midwestern United States and the Southern United States, with Canada to the north, and Mexico to the south. The West contains several major biomes, including arid and semi-arid plateaus and plains, particularly in the American Southwest; forested mountains, including three major ranges, the Sierra Neva ...
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Gulf Of Mexico
The Gulf of Mexico ( es, Golfo de México) is an oceanic basin, ocean basin and a marginal sea of the Atlantic Ocean, largely surrounded by the North American continent. It is bounded on the northeast, north and northwest by the Gulf Coast of the United States; on the southwest and south by the Mexico, Mexican States of Mexico, states of Tamaulipas, Veracruz, Tabasco, Campeche, Yucatan, and Quintana Roo; and on the southeast by Cuba. The Southern United States, Southern U.S. states of Texas, Louisiana, Mississippi, Alabama, and Florida, which border the Gulf on the north, are often referred to as the "Third Coast" of the United States (in addition to its Atlantic and Pacific Ocean, Pacific coasts). The Gulf of Mexico took shape approximately 300 million years ago as a result of plate tectonics.Huerta, A.D., and D.L. Harry (2012) ''Wilson cycles, tectonic inheritance, and rifting of the North American Gulf of Mexico continental margin.'' Geosphere. 8(1):GES00725.1, first p ...
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Houston, Texas
Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in 2020. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat and largest city of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after Dallas–Fort Worth. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Comprising a land area of , Houston is the ninth-most expansive city in the United States (including consolidated city-counties). It is the largest city in the United States by total area whose government is not consolidated with a county, parish, or borough. Though primarily in Harris County, small portions of the ...
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Paramount Global
Paramount Global (doing business as Paramount) is an American multinational mass media and entertainment conglomerate owned and operated by National Amusements (79.4%) and headquartered at One Astor Plaza in Midtown Manhattan, New York. It was formed on December 4, 2019, as ViacomCBS Inc. through the re-merger of the second incarnation of CBS Corporation and the second incarnation of Viacom (which were split from the original incarnation of Viacom in 2006). On February 16, 2022, during its Q4 earnings presentation, the company announced that it would change its name to Paramount Global. Paramount's main properties include the namesake Paramount Pictures film and television studio, the CBS Entertainment Group (consisting of the CBS and The CW television networks, television stations, and other CBS-branded assets), media networks (consisting of U.S.-based cable television networks including MTV, Nickelodeon, BET, Comedy Central, VH1, CMT, Paramount Network and Showti ...
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Viacom (1952–2006)
The original incarnation of Viacom Inc. (derived from "Video & Audio Communications") was an American media conglomerate based in New York City. It began as CBS Television Film Sales, the broadcast syndication division of the CBS television network in 1952; it was renamed CBS Films in 1958, renamed CBS Enterprises in 1968, renamed Viacom in 1970, and Corporate spin-off, spun off into its own company in 1971. Viacom was a distributor of CBS television series throughout the 1970s and 1980s, and also distributed syndicated television programs. In 1999, Viacom acquired the parent company of CBS, the former Westinghouse Electric Corporation, which had been renamed CBS Corporation in 1997. Viacom was split into the second CBS Corporation and Viacom (2005–2019), Viacom incarnations, and ceased operations in 2006. The spin-off was structured so that CBS Corporation would be the legal successor (business), legal successor to the first Viacom, with the second Viacom being an entirely sep ...
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Paramount Records (1969)
Paramount Records was a record label started in 1969 by Paramount Pictures (then a unit of Gulf+Western) after acquiring the rights to the name from George H. Buck. A previous Paramount Records, active between 1917 and 1932, had been unconnected to Paramount Pictures. The new Paramount label reissued pop releases by sister label Dot Records, which had recently become a country label and, in the process, had its entire pop back catalog deleted completely. It also released new albums from other pop musicians and soundtracks to Paramount films such as '' Paint Your Wagon'', among others. Cast members of the Paramount Television series ''The Brady Bunch'' were signed, and the label issued several tie-in albums and singles. After Gulf+Western sold its record label holdings to ABC (which happened to have aired the ''Brady Bunch'' TV series) in 1974, the Paramount label was discontinued in favor of ABC Records, which itself was sold to MCA Records in 1979. The Paramount catalog is now ...
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Stax Records
Stax Records is an American record company, originally based in Memphis, Tennessee. Founded in 1957 as Satellite Records, the label changed its name to Stax Records in 1961. It also shared its operations with sister label Volt Records. Stax was influential in the creation of Southern soul and Memphis soul music. Stax also released gospel, funk, and blues recordings. Renowned for its output of blues music, the label was founded by two siblings and business partners, Jim Stewart and his sister Estelle Axton (STewart/AXton = Stax). It featured several popular ethnically integrated bands (including the label's house band, Booker T. & the M.G.'s) and a racially integrated team of staff and artists unprecedented in that time of racial strife and tension in Memphis and the South. According to ethnomusicologist Rob Bowman, the label's use of "one studio, one equipment set-up, the same set of musicians and a small group of songwriters led to a readily identifiable sound. It was a soun ...
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Dot Records
Dot Records was an American record label founded by Randy Wood (record producer), Randy Wood and Gene Nobles that was active between 1950 and 1978. The original headquarters of Dot Records were in Gallatin, Tennessee. In 1956, the company moved to Hollywood, California. In its early years, Dot specialized in artists from Tennessee. Then it branched out to include musicians from across the U.S. It recorded country music, rhythm and blues, polkas, waltzes, Gospel music, gospel, rockabilly, pop music, pop, and early rock and roll. After moving to Hollywood, Dot Records bought many recordings by small local independent labels and issued them nationally. In 1957, Wood sold the label to Paramount Pictures, but remained in charge until 1967, when he departed to join Lawrence Welk in the formation of Ranwood Records. In 1968, the label was acquired as part of the acquisition of Paramount by Gulf and Western Industries, Gulf+Western, which transitioned it to exclusively recording country ...
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