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...Moving fast has become a necessity for Bertelsmann in its quest to survive the global media wars. Ever since two giant mergers last year-AOL's takeover of Time Warner and the purchase of Universal Studios by French media company Vivendi-Bertelsmann has been under pressure to bulk up. Not only has the group acquired control of RTL, which has TV and radio properties in 11 countries, but it is also bidding for the record company EMI and forging a global alliance between Bertelsmann music subsidiary BMG and Napster, the controversial Internet site where people can exchange music for free...
...What next? The RTL stock swap left intact a cash horde of more than $10 billion, which Bertelsmann earned from its sale of stock in AOL after the online service announced its merger with Time Warner (TIME's parent). Though global in outlook, Bertelsmann has relatively few broadcast and Internet assets in North America, so the German giant could soon be trolling for bargains among companies that have been bloodied by the precipitous fall of the U.S. high-tech stock market nasdaq. The RTL deal also provided outsiders an intriguing glimpse into Bertelsmann's finances. Company officials...
...would like to discuss the dangers and opportunities of human cloning with Michael Lemonick, our science writer, go to AOL on Wednesday at 7 p.m. E.T. and type in keyword Live...
...This is not our first project. In the past two years, TIME readers have saved mothers' lives in Rwanda, found homes for orphans in Africa and helped Sierra Leonean war wounded get medical treatment. If you prefer to send a check, an address is available on the Netaid site. AOL members can go to keyword Breaking the Silence...
...they will rush to the stores to buy the CDs. After all, nobody's going to download a whole album. Artists will be able to cut out the oppressive record companies (except, of course, for those fortunate artists signed to the enlightened companies that are part of the greater AOL Time Warner family) and get the audience and material rewards they deserve. Everyone will be rich, happy, fat and - did I mention rich...