Nelvana gets a couple of co-founders lighter in wave of consolidation
In the wake of a consolidation rush that sent a small cluster of media giants on a two-year buying spree, operations are finally beginning to take precedence again--and now, by centralizing departments and doing away with the inevitable overlap, media conglomerates like Corus Entertainment are starting to trim the fat. 'The time has come for Corus to stop acquiring for a while and start operating. But this made my job less rather than more,' says Nelvana co-founder Patrick Loubert, who resigned from the Corus-acquired animation powerhouse in mid-November.
January 3, 2002
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