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PaineWebber Inc. analyst Christopher Dixon upgraded Paramount Communications Inc. to "buy" from "hold," saying the merged Viacom-Paramount will be "a superb company," for which he set a 12-month…

  • TV

Sagansky pulls the plug

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Jeff Sagansky, one of the architects of CBS' historic third-to-first ratings turnaround, will take the long-expected step of leaving the network, handing the reins to exec VP Peter Tortorici.

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