Word: amex
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...happening? One place to ask is your local cable company. Seven days a week, 24 hours a day, MTV, the two-year-old Warner Amex channel, beams rock-'n'-roll videotapes into 14 million homes across the nation. The tapes, from established stars like the Rolling Stones to hopefuls like the Fixx, are offered free by recording companies in return for air play. Their impact has gone far beyond promotional gimmickry. Says PolyGram's Kiernan, whose group Def Leppard went platinum after TV exposure: "You can feel the sales right away...
...losers in all three markets were oil-drilling and oil-service stocks. The global glut that drove down crude prices also explains the comparatively meek rise in the Amex index: it is loaded with oil stocks. Its best stock last year, SMD Industries, makes picture frames and stationery. The shares rose by 592%, mostly on the strength of SMD's rights to make school supplies and stationery bearing the likenesses of two of the year's heroes...
...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...