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...German media giant Bertelsmann gave up entirely on the floundering pay-TV market. Dutch TV production company Endemol, which created the reality series Big Brother, doesn't work with a single pay-TV provider in the Netherlands. "TV in Europe is viewed as a utility," says UBS Warburg analyst Chris Dixon. Even Malone concedes that "these are not investments for wimps," as he told the Wall Street Journal earlier this year in a rare interview. (No one at Liberty Media, including Malone, would comment for this article...

Author: /time Magazine | Title: Cable Guy: John Malone: Wiring Europe | 7/1/2002 | See Source »

Much of cable's woe stems from the high cost of programming in Europe, driven up a decade ago by newcomers KirchPayTV and BSkyB, which wanted to kick start their fledgling services. Soccer--which is quite literally "the only game in town," as Carmel Group analyst Jim Stroud puts it--has seen the cost of its coveted broadcast rights soar in recent years. Kirch alone paid $350 million a year to distribute the German national championship league, a cost that contributed to the German company's eventual downfall. Even BSkyB hasn't turned a profit on its most recent investment...

Author: /time Magazine | Title: Cable Guy: John Malone: Wiring Europe | 7/1/2002 | See Source »

...soil. No civilians were harmed?until last week. Farther south in Ratchaburi province, three gunmen in military fatigues fired automatic weapons at a pickup truck full of schoolchildren. Three students were killed and 12 wounded. "It was like something out of the West Bank," says Panitan Wattanayagorn, a defense analyst at Bangkok's Chulalongkorn University...

Author: /time Magazine | Title: Border Disorder | 6/10/2002 | See Source »

Almost since the euro was born three years ago as Europe's common currency, analysts have been proclaiming that it was undervalued against the dollar. Despite the dot.com wreckage, a sagging stock market and the Sept. 11 terrorist attacks the dollar remained unexpectedly and even inexplicably strong. Now the euro's day may have finally arrived. Last week, the euro was trading 10% higher than in February and economists think it has room for further appreciation. But is the euro's new-found strength really good for Europe? Maybe not. Sure, inflation will be held in check and prices...

Author: /time Magazine | Title: Flying Higher | 6/9/2002 | See Source »

...Whether the city of Memphis has its growth is yet to be seen. Memphis, says HBO boxing analyst Larry Merchant, went after the fight "the way it would go after a new automobile plant." At the weigh-in Thursday afternoon, Merchant stood back, shaking his head and watching Tyson, whom he calls a "psycopath," play to the whooping crowd. "Boxing will lose if Tyson wins," pronounced Merchant, whose HBO network is collaborating with Showtime in producing the pay-per-view version of the fight. "He's convincing people that you don't have the obey the rules, that boxing...

Author: /time Magazine | Title: Who Gets the Black Eye? | 6/8/2002 | See Source »

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