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Viacom, MGM and Lionsgate to Launch TV Channel

NEW YORK (Reuters) - Sumner Redstone’s Viacom Inc <VIAb.N>
will launch a premium TV and movie channel with Lionsgate
<LGF.N> and Metro-Goldwyn-Mayer, aiming a direct volley at Time
Warner Inc’s <TWX.N> HBO as well as Redstone’s own Showtime
networks owned by CBS Corp <CBS.N>.

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