The story
The merger of Lorimar-Telepictures was announced on October 7, 1985, by Merv Adelson. On February 19, 1986, the merger was complete. Lee Rich, one of the other founders of Lorimar, sold his shares in 1986 and left the company.
In 1987, Lorimar-Telepictures decided to launch separate divisions with brand logos, which are Lorimar Television for network television production, Lorimar Syndication for broadcast and off-net syndication, and Lorimar International for television distribution, with Lorimar-Telepictures being the parent company of the groups. Both had used Lorimar as operating names starting on January 19, 1987. It is reported that Robert Rosenbaum was named vice president of production at the Lorimar Television unit. Also that year, it faced a $21.7 million loss from the studio.
In June 1988, Warner Communications merged with Lorimar-Telepictures after buying the company.
From Wikipedia’s article on Lorimar-Telepictures, shared under CC BY-SA 4.0.4