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The rewards that he has reaped have been substantial: Forbes recently estimated that he makes $60 million a year, primarily from his share of the syndication revenue "Seinfeld" still generates.
If a network owns a piece of a hit comedy -- and virtually all of them now do -- the investment is the best of all because comedies are still the gold mines of the syndication business.
They said the F.C.C.'s decision to allow the networks to own more stations would give them more control of the syndication sale of the programs they own, leaving even less incentive to seek outside ideas.
Rick Feldman, who is stepping down as president of the National Association of Television Program Executives, which held that event, says he suspects that a bigger shake-up of the syndication market could be looming, as contracts for "Wheel of Fortune" and "Jeopardy" end in 2014 and the contract for "Judge Judy" ends in 2015.
Citing Bloomberg data, for example, the group noted that Bank of America — listed as recently as 2008 as one of the "syndication agents" on a $175 million revolving line of credit to Massey Energy — has eliminated that and all other connections to the company.
Mr. King, the titan of the syndication marketplace, helped make stars out of Oprah Winfrey, Alex Trebek, Dr. Phil McGraw and other personalities during his lengthy tenure as the president of King World Productions and then the president of CBS Television Distribution.
Similar(45)
It will get another $250m when it completes a business plan, with the rest dependent on the syndication of the loan to other banks.
Mr. Wussler, 52, works in New York as a vice president in the advertising sales group of Twentieth Television, the syndication division of Fox Television.
Soon after, the F.C.C. relaxed rules that restricted the networks' ownership of prime-time programs, which opened a new stream of revenue from the syndication of their shows to local stations, cable networks, and other platforms.
Online journalism allows for more and different types of syndication, particularly the syndication of headlines and breaking news scoops.
Lerner (2006) argues in favor of collaboration as a unique feature of financial innovation citing the syndication of a financial innovation and the development and promotion of securities as examples.
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