July 10, 1995
NYNEX CONTACT: Media Relations,
NYNEX Names Former Viacom Executive Steven Fadem to Senior Entertainment Post
NEW YORK CITY -- NYNEX (NYSE:NYN) announced the appointment of
former Viacom executive Steven S. Fadem to the newly created position of
executive vice president -- Media Enterprises, NYNEX Entertainment and
Information Services Group (NEIS).
Fadem, 44, will be responsible for managing all domestic and
international strategic alliances, joint ventures and partnerships formed
by NEIS. Fadem will report to NEIS Chairman Walt Rickard.
In his new position, Fadem will manage the day-to-day activities
of NYNEX's strategic alliance with Viacom Inc. In October of 1993, NYNEX
announced a $1.2 billion investment in Viacom, the rapidly growing
entertainment and publishing company.
Fadem also will serve as NYNEX's liaison with its entertainment
and information services interests, including TELE-TV, the company's
entertainment and technology partnership with Bell Atlantic, Pacific
Telesis and Creative Artists Agency; CAI Wireless, Inc., an Albany,
N.Y.-based provider of wireless cable services; NYNEX CableComms, a
leading provider of cable television and telephony services in the United
Kingdom; and TelecomAsia, which is building an advanced cable and
telephony network in Bangkok, Thailand.
In addition, Fadem will provide entertainment industry expertise
and counsel to the NYNEX Video Services Organization, the retail
distribution division of NEIS.
"Steve's knowledge of the entertainment and communications
industries and his unique relationship with Viacom make him the ideal
choice for this new position," said Walt Rickard, chairman, NYNEX
Entertainment and Information Services Group. "He will play a key role in
positioning NYNEX for growth in these exciting new markets."
Prior to joining NYNEX, Fadem served as senior vice president,
Business Affairs for the Viacom Entertainment Group since 1993. During
that time, he directed business affairs for the groups entertainment and
media operations, including Viacom Enterprises and Viacom Productions,
which produce and distribute television programming for network
television, cable and first run syndication.
Fadem has an extensive background in communications and
entertainment law and business affairs. While at Viacom, he was
responsible for negotiating program acquisition and development,
merchandising and licensing agreements, as well as legal negotiations with
artists and programmers.
Prior to joining Viacom, Fadem held senior positions at Multimedia
Entertainment, Inc. and Warner Amex Cable in New York. As vice president,
Business Affairs and General Counsel at Multimedia Entertainment, he
managed legal and business affairs for the Donahue, Sally Jessy Raphael,
and Rush Limbaugh shows.
Earlier, Fadem served as Viacom's associate general counsel in
charge of all cable, broadcast and related regulatory matters. Before
that, he was an attorney for the Broadcast and Common Carrier Bureaus of
the Federal Communications Commission in Washington, D.C.
Fadem earned his J.D. from the Emory University School of Law in
1975 and received an undergraduate degree in economics from the University
of Pennsylvanias Wharton School in 1972.
NYNEX is a global communications and media company that provides
a full range of services in the northeastern United States and
high-growth markets around the world, including the United Kingdom,
Thailand, Gibraltar, Greece, Indonesia, the Philippines, Poland,
Slovakia and the Czech Republic.
The Corporation is a leader in the telecommunications, wireless communications,
cable television, directory publishing
and entertainment and information services.
FAX copies of recent NYNEX news releases are available free of charge, 24
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