Word: channelized
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Greed! Aggression! Corporate Intrigue! Betrayal! That's what you get when, say, a home-shopping channel wants to merge with a television network, right? Yet the juicy story line that usually comes with takeovers among media moguls is showing up in all corners of American industry these days. In fact, while the buzz is with Ted (Turner) and Larry (Tisch), the guys who are throwing real money around in their bids to consolidate belong to such unglitzy businesses as railroads and banks. Now it can be said: the '90s were never meant to be the decade of small appetites...
...Report Network, a series of videos and magazines that was aimed at patients waiting in doctors' offices, and a publishing division that produced advertiser-sponsored books. To raise cash, the company is negotiating the sale to Wall Street's Goldman, Sachs of half the equity in its profit- making Channel One, the advertiser-backed TV news program currently being shown in 12,000 U.S. public schools. Also for sale is Whittle's 50% interest in the $55 million, Ivy Leagueish corporate headquarters in Knoxville, Tennessee, which he built only three years...
...innovative plans for moving into electronic media, enticed outside investors, including Time Warner, which now owns 33% of Whittle Communications. From 1987 through 1992, the company's revenues rose from $82 million to $213 million. The growth was due largely to the success of the controversial TV service Channel One, which is offered free to schools if they show Whittle-produced news programs with ads aimed at children...
...condom and kaleidoscope? Whose organizers . test-marketed the proposed lineup of bands to see which names would get maximum audience response? Which will be brought to you with the sponsorship of Pepsi, Haagen-Dazs and Apple computer, and sold to you via QVC's home- shopping channel...
Watergate, a five-hour documentary series produced for the BBC by Norma Percy (The Second Russian Revolution), narrated by former CBS and CNN correspondent Daniel Schorr and airing next week on the Discovery Channel, is a refresher course that shouldn't be missed. Lucid and laconic, unsparing but never sanctimonious, it retells the Watergate story in patient, no-nonsense detail. Here, once again, is the paranoid Nixon White House of the early '70s, so obsessed with political foes that it had a psychiatrist's office burglarized to get dirt on Daniel Ellsberg (who had released the Pentagon papers) and ordered...