The big get bigger, the small are swallowed up and the mid-size are stranded in no man's land, as consolidation continues. Two of the biggest deals in the past year were Vivendi's merger with Seagram and Canal+, and Granada's purchase of United News & Media's broadcasting assets. The inevitable follow-up is a review of the books, and what usually shows up is unnecessary duplication of staff positions. Solution? Cutbacks.
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