Tele-TV unplugs from CAA due to Ovitz exit

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Regional Bell operating companies Bell Atlantic, Nynex Corp. and Pacific Telesis Group voted this week to end their relationship with Creative Artists Agency and to allow Tele-TV senior management to continue on its own, Electronic Media reported. Tele-TV, a new-media entertainment company, had a ``key man'' clause in its relationship with CAA that enabled it to buy itself out of the alliance if CAA Chairman Michael Ovitz left. CAA is changing, too, in the wake of the upcoming departure of Mr. Ovitz for Walt Disney Co. and the earlier exits of Ron Meyer and Bill Haber. The talent agency reorganized last week under motion picture department co-heads Rick Nicita and Jack Rapke, and TV department chief Lee Gabler. Each was named co-chairman of the agency. CAA agent Richard Lovett will become president. The talent agency also must cope with hanging on to the Coca-Cola Co.'s Classic Coke ad account, since Mr. Ovitz was crucial to CAA's winning the creative portion of the business.

Copyright August 1995, Crain Communications Inc.

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