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 ?
We reviewed with MPs all statements issued by the syndicate since the beginning of the crisis and explained our point of view during the meeting," said El-Balshy, speaking to Daily News Egypt while at the sit-in.
The syndicate committee violations Journalist Mansour Al-Jaradi said it is acceptable for journalists to demand the resignation of the committee, deeming it a positive step to re-activate its work.
The well bred Chorus Of Angels just failed in the fillies' handicap for the Blue Syndicate at Gowran Park on Sunday, while at Sligo, three syndicates to go close with their charges were White Gold Syndicate (Model County Lass), Urban and Rural Boy's Syndicate (Molly's Boy) and the Goforit Syndicate's Savello finishing third at 20-1 in the concluding bumper.
It added that in light of this event, the syndicate voices its support and solidarity with Tripoli's lawyers syndicate.
Newspaper cost- cutting can hurt syndicates when papers cancel features, decline to buy new ones, or seek lower rates for syndicated content they do run.
To their credit, however, Syndicate Media Group is planning another series of books slated to come out later this year.
Baker himself admits that these syndicates were 'fundamentally material in character'; their main aim was to purchase farm supplies, particularly fertilizers, securing the best price and assuring its members against fraud.
Neither McGruder nor Universal Press Syndicate will reveal details of the financial package behind the popular strip or the book deal they are currently working out.
We've bought 20,000 National Lottery tickets and set up Daily Record Lottery syndicates - YOUR three sets of syndicate numbers are on the ticket in today's paper.
Luessenhop is indeed an "insider," one of the thousands of American sponsors of Lloyd's insurance syndicates who lost money, and she is out to expose the perpetrators.
Syndicate presidents were participants in the Hiwar, although this in itself did not constitute a recognition by the regime of their political role.

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