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Last week television networks were the hot property. No sooner had Disney thrown in its lot with Capital Cities/ABC than Westinghouse placed a bet with CBS to acquire the network after striking a deal with its president, Laurence Tisch, for $5.4 billion. The deals are dazzling not for their novelty...

Author: /time Magazine | Title: IT'S NETWORKING TIME | 8/14/1995 | See Source »

As if trying to explain budget overruns on Waterworld to Hollywood reporters weren't enough, Kevin Costner has found himself on the defensive with a group of people who once called him a friend. The director and star of 1990's Dances with Wolves, which treated Native American culture so...

Author: /time Magazine | Title: BROKEN PEACE | 7/31/1995 | See Source »

The Kimberly-Clark Corp. opened the door to European expansion and served competitive notice to rival Procter & Gamble Co. when it announced that it will acquire the Scott Paper Co. for roughly $6.8 billion in stock. The merged company will be the world's largest manufacturer of tissue paper, enjoying...

Author: /time Magazine | Title: THE WEEK: JULY 16-22 | 7/31/1995 | See Source »

Nobody in Hollywood can keep a secret -- exceptDisney chairman Michael Eisner. He stunned both Wall Street and the entertainment industry when he announced this morning thatDisneywill acquire Capital Cities/ABC in a $19 billion merger. The deal would be the second-largest takeover in U.S. history (behind the $25 billion takeover...

Author: /time Magazine | Title: THE LION KING ROARS | 7/31/1995 | See Source »

BUILDING A DATA BASE We think of learning and memory as somehow separate functions; in fact, they're not. Both are processes by which we acquire and store new data in a way that makes them retrievable later on. The storage takes place, says the current theory, as a pattern...

Author: /time Magazine | Title: GLIMPSES OF THE MIND | 7/17/1995 | See Source »

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