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Two dozen out in WB merger

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Warner Bros. has completed the process of combining network production units Lorimar and Warner Bros. TV, resulting in the departure of about two dozen of the latter's estimated 100 employees.

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CBS stock rises 7.7%

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Wall Street is waking up to David Letterman. Media analysts credited the Eye Web's new latenight talkshow host for an incredible $ 19-a-share surge in CBS stock on Wednesday.

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