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Spinning a Merger

In announcing his company will buy Nabisco to form the world’s most profitable food company [“Tobacco Firm to Buy Nabisco for $14.9 Billion,” June 26], the CEO of Philip Morris suggested that the new company would benefit consumers.

And if you don’t believe that, how about “Smoking is not addictive”?

P.H. WILLON

Palos Verdes

Inside the business of entertainment

The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.

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