syndicate


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Syndicate

An association of individuals formed for the purpose of conducting a particular business; a Joint Venture.

A syndicate is a general term describing any group that is formed to conduct some type of business. For example, a syndicate may be formed by a group of investment bankers who underwrite and distribute new issues of Securities or blocks of outstanding issues. Syndicates can be organized as corporations or partnerships.Newspaper or press syndicates came into existence after the Civil War. A press syndicate sells the exclusive rights to entertainment features, such as gossip and advice columns, comic strips, and serialized books, to a subscribing newspaper in each territory. These "syndicated" features, which appear simultaneously around the United States, can generate large sums for the creators of the features and for the syndicate that sells them. Similarly, when television programs are syndicated, one station in each television market is allowed to broadcast a popular game show or rebroadcast a popular network series. A syndicated show may be televised at different times depending on the schedule of the local station. In contrast, on network television, a program is televised nationally at one scheduled time.

The term syndicate is also associated with Organized Crime. In the 1930s, the term crime syndicate was often used to describe a loose association of racketeers in control of organized crime throughout the United States. For example, the infamous "Murder, Inc." of the 1930s, which was part of a national crime syndicate, was founded to threaten, assault, or murder designated victims for a price. A member of the crime syndicate anywhere in the United States could contract with Murder, Inc., to hire a "hit man" to kill a person.

syndicate

n. a joint venture among individuals and/or corporations to accomplish a particular business objective, such as the purchase, development, and sale of a tract of real property, followed by division of the profits. A joint venture, and thus a syndicate, is much like a partnership, but has a specific objective or purpose after the completion of which it will dissolve. (See: joint venture)

syndicate

noun alliance, association, cartel, combine, company, consortium, council, federation, guild, league, machine, merger, organization, partnership, pool, ring, societas, union
See also: act in concert, alliance, amalgamate, association, business, cartel, coalition, combine, committee, compact, confederacy, consortium, corporation, enterprise, federation, institute, merger, organization, partnership, pool, trust
References in periodicals archive ?
The court's decision to dissolve the "partial elections" in the Press Syndicate came after an appeal presented by lawyer Ashraf Anwer was accepted by the court.
Saeed Thabit, deputy head of the syndicate, said the journalists have the right to call for leadership elections; however, elections should be based on the stipulations and orders of the syndicate.
Other syndicates whose horses made the frame last week include Queen Maeve Racing syndicate, with their seven-year- old Corskeagh Royale finishing third at Tipperary to record his seventh placing this season.
The syndicate strongly denounces the assault on colleague Tony Franjiyeh at the entrance of Tripoli serail and in the presence of Tripoli's lawyers syndicate president Antoine Ayrout," the statement of the syndicate said.
I got behind the Syndicate because I wanted to provide a forum for talented young writers and to provide a production studio for movies based on their books," explained Snipes.
Furthermore--as Roger Dion noted in 1934 in his magisterial thesis on the Val de Loire--between Blois and Beaugency there developed the earliest agricultural syndicates in all France; the Syndicat des Agriculteurs de Loir-et-Cher, founded in 1883, became a national model.
At the National Association of Black Journalists convention in Chicago in 1997, McGruder met an executive from Universal Press Syndicate and presented the strips that had run in The Source, a hip-hop entertainment publication, and his college newspaper, The Diamondback, from the University of Maryland in College Park.
TODAY we're giving every reader three Lottery Syndicate Tickets - that's three free chances to win the cool pounds 10million jackpot tonight.
Luessenhop's syndicate specialized in insurance for toxic waste, product liability, and malpractice insurance.
Syndicate presidents were participants in the Hiwar, although this in itself did not constitute a recognition by the regime of their political role.
Based on these management activities, the IRS concluded that the active participation requirements to avoid "syndicate" status were met and the entity was not a syndicate.

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