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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
Meanwhile, to better monitor the secondary syndicated loan market, the Cabinet-level Financial Supervisory Commission (FSC) recently invited chief executives of 15 domestic banks to attend a panel meeting to work out rules governing syndicated loan transferred by original lenders.
FSC said that syndicated loan transfer would have some risks, including the possible covering of the flaw in the credit of the borrowers, inadequate information provided to the successors that take over the loans, and possible credit risk expansion to non-banking institutions, if the loans are securitized thereafter.
Despite deterioration in the aggregate syndicated loan market, improvement is noted in several industries; the most noteworthy of which is health care.
Don Wright of the Miami News, whose work is also nationally syndicated, is equally modest.
Of course, syndicated material can't duplicate a living, breathing newspaper staffer -- and certain kinds of content can only be generated locally.
He says the Free Press also uses some material from Knight Ridder/Tribune Information Services instead of syndicated content.
dailies to run them, a typical syndicated offering in 1999 might have fewer clients than a typical offering a decade ago.
Most interviewees agreed that many online papers use at least some syndicated features.
It should be noted that the 24.7% number is skewed by the fact that fewer than 5% of all syndicated cartoonists are women, meaning of course that the number of female columnists is now well over 24.7% - Karavangelos said that as women continue to move into columnist slots at newspapers, even more will become syndicated.
Copley News Service editorial/marketing director Nanette Wiser said newspapers with reduced staffs might buy more syndicated material to replace locally generated copy.

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