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...book clubs in Europe and a stable of newspapers and magazines worldwide, has always been privately owned by the reclusive Mohn family. Under the terms of the latest deal, however, Bertelsmann is acquiring 30% of RTL's shares-it already owns 37%-from Groupe Bruxelles Lambert, a Belgian investment firm owned by billionaires Albert Fr?re and Paul Desmarais. Instead of cash, GBL agreed to take 25.1% of Bertelsmann shares. More importantly, the deal allows GBL to sell its shares on the stock market in three years, the first time Bertelsmann stock will be available to the public. "The dogma...

Author: /time Magazine | Title: Bulking Up for Battle | 2/19/2001 | See Source »

...former Lebanese warlord whose Israel-allied Christian militia slaughtered hundreds of Palestinians in the Sabra and Shatila refugee camps in 1982 was assassinated in a Beirut car-bomb explosion. Elie Hobeika had no shortage of enemies, but initial suspicion has fallen on Israel. Hobeika met earlier last week with Belgian officials considering war crimes charges against Prime Minister Ariel Sharon. The potential charges, permitted under Belgian law, stem from Israel's 1982 invasion of Lebanon, when Sharon was Defense Minister and strongly allied to Hobeika's Lebanese Forces. Sharon was forced to resign after an Israeli panel held him indirectly...

Author: /time Magazine | Title: World Watch | 2/4/2001 | See Source »

...TEXAS FAIR & MARKETPLACE Giant pandas? What giant pandas? Four Belgian horses, three longhorns, a roadrunner, a Brahman bull and assorted other critters will be flown in from the Fort Worth Zoo to form a Lone Star menagerie. Marriott Wardman Park Hotel...

Author: /time Magazine | Title: Inauguration Hoopla! | 1/22/2001 | See Source »

Vaclav Klaus, a former free-marketeering Prime Minister, decried the de facto nationalization as a "bank robbery carried out in broad daylight." Three days after sending in the cops, the government turned IPB over to the Belgian-owned CSOB. The new supervisors found a sprawling conglomerate of some 600 interlinked companies involved in almost every kind of questionable financial practice. Of an estimated $4.6 billion in outstanding loans, probably only 20% are recoverable...

Author: /time Magazine | Title: Paying The Price | 10/23/2000 | See Source »

...trails where they will hear nothing but the muffled thump of the horse's hooves and the whistling of the wind through the pines and aspens. There are many other ways to traverse the great outdoors: cross-country skis, snowshoes, sleds, skates and snowmobiles--even a sleigh behind two Belgian draft horses. Downhill-ski enthusiasts can schuss at nearby Winter Park and Silver Creek...

Author: /time Magazine | Title: Families: Not Home For The Holidays | 10/16/2000 | See Source »

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