Lexington Broadcast Services Company (first known as Lexington Broadcast Services and later known as LBS Communications) was a television production and syndication company founded in 1976 by advertising pioneer Henry Siegel. Advertising Age magazine wrote of Siegel as "the man who built Lexington Broadcast Services into the nation's largest barter syndicator, and thus defined that segment of the TV ad business."
The company was known for distributing programs from DIC Entertainment and Columbia Pictures Television (including select material from Columbia subsidiary/label Screen Gems), by way of its Colex Enterprises joint venture with Columbia, in addition to the 1991 syndicated re-launch of Baywatch. After the joint venture with Columbia Pictures Entertainment ended LBS started losing money in 1988.
In late 1991 LBS filed for Chapter 11 bankruptcy, and was forced to sell 80 to 85 percent of its assets to its Baywatch distributor partner the Scotti Brothers' All American Television. In 1997 All American was sold to Pearson plc, and was re-branded as Pearson Television. Pearson Television later merged with CLT-UFA in turn bought by FremantleMedia. As of today most of LBS' library is owned by FremantleMedia with some exceptions.
Read more about Lexington Broadcast Services Company: TV Programs, Films
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