Word: amex
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Dates: during 1980-1989
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...year post as Transportation Secretary, making him the third official to leave the President's original Cabinet (the other two: Secretary of State Alexander Haig and Energy Secretary James Edwards). On Feb. 1, Lewis will take over as chairman and chief executive officer of Warner Amex Cable Communications, Inc., one of the country's largest cable companies, which has 147 cable systems in 27 states. It is jointly owned by Warner Communications, Inc., and American Express Co. Said Lewis: "It is an appropriate time for me to return to the private sector. I have no political ambitions." Lewis...
...Warner Amex Satellite Entertainment Co.). Basically FM with pictures, MTV (Music Television) is a 24-hour cable service whose imaginative videotapes illustrating rock recordings expand TV's generally unadventurous visual vocabulary...
...roll have always been contrary siblings. One soothes, the other threatens. One offers visual Pablum, the other musical grits. Even in the packaged and homogenized forms developed by such entrepreneurs as Dick Clark and Don Kirshner, TV has rarely accommodated its more rambunctious relative. Until now, that is. Warner Amex Satellite Entertainment Co.'s MTV (Music Television) is uniting the rival brethren in amplified harmony...
...sought-after transponders are the 24 aboard RCA's Satcom III-R, launched into orbit last November. They can carry two dozen different channels of cable TV programming. The satellite's customers include the pay TV channels Showtime and Home Box Office as well as Warner Amex and Turner Broadcasting System...
...Amex paid nearly $1 billion in stock for Shearson last year and became a giant in the new financial services field. Shearson/American Express has already introduced a new account that combines a charge card, brokerage services, checking and money-market funds into a single package...