LBS Communications: Difference between revisions

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1976 was the year that Henry Siegel created '''L'''exington '''B'''roadcast '''S'''ervices (commonly known by its initials, "LBS"). In the 1980s, the company was known as "Lexington Broadcast Services Company". In 1984, Siegel reincorporated the company to "LBS Communications, Inc.". LBS also joined forces with Columbia Pictures Television and created "Colex Enterprises" by distributing the series by Screen Gems and CPT and would last until January 1988. Over the years, the company would produce/distribute miscellaneous television shows such as ''Inspector Gadget'' and ''Heathcliff'' (DiC), ''What's Happening!!'' and ''What's Happening Now!!'' (CPT), ''Baywatch'', ''Family Feud'' (Mark Goodson), and ''World of Wrestling''. LBS was also an ad-sales barter until they formed "TV Horizons". LBS Communications started losing money in the late 1980s and went bankrupt in the early 1990s leaving LBS to give 80 to 85% of the assets to All American Television in March 1992. Despite all the adversity, LBS would still live on in the 1990s as an in-name-only unit of All American Television, and was sold to Pearson, plc. in 1997 and was later renamed to Pearson Television in 1998; the production company would close in 2001. Today, most of the LBS library, with some exceptions, is owned by FremantleMedia.