Lorimar-Telepictures was a production and television syndication firm established on April 21, 1986 with the merger of Lorimar and Telepictures until both TV divisions were purchased by Warner Communications on January 12, 1989. The merger of Lorimar-Telepictures was announced on October 7, 1985 by Merv Addleson. On April 21, 1986, the merger was complete. Lee Rich, one of the founders of Lorimar sold his shares in 1986 and left the company. On January 12, 1989, Warner Communications acquired Lorimar-Telepictures after shaking off the hostile takeover of the company. Note: All series listed... here are now owned and distributed by Warner Bros. Television and/or Sony Pictures Television. In the mid-1980s, Lorimar-Telepictures went into the broadcasting business by acquiring six television stations, which were as follows: The success of this broadcast division was non-existent resulting in the sale of each of these stations by 1991.
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