Word: channelling
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...which Eisner bought for $19 billion in 1996, swung from earning $1 billion in operating income in 2000 to losing $36 million last year. Eisner blew at least $1.6 billion on Internet ventures, including the Go.com portal, and in 2001 he paid $5.2 billion for the Fox Family Channel (considered a high sum), which was renamed ABC Family and proceeded to slump in the ratings. None of this has been lost on investors: Disney stock wobbles at around $22 a share, half the heights it reached...
DIED. GERTRUDE EDERLE, 98, the first woman to swim across the English Channel; in Wyckoff, N.J. In 1926 she covered 35 miles in 14 hr. 31 min.--faster than any of the five men who had previously made the swim--and was called "America's best girl" by President Calvin Coolidge...
...give Coca-Cola a run for its money in Romania are expanding into the hotly competitive cable-television business. In October, brothers Viorel and Ioan Micula launched National TV, a general-entertainment, digital satellite cable channel that runs American shows and 22 local programs. Viorel oversees the media side of European Drinks Group and has hired seasoned help, including Douglas Fulton, who ran operations in 11 countries for Luxembourg-based SBS Broadcasting. Fulton, who now heads National TV as well as the company's 18 radio stations and three newspapers, will manage next year's launch...
...Tsang might channel Elmer Fudd onscreen, but in real life he's all business, and indeed has aspirations to become an entertainment mogul. "Every actor has to specialize to survive," Tsang, 50, says. "My specialty is looking like a cartoon character." Looney Tuning himself has paid off handsomely for the 1.6-meter-tall actor: over the past 30 years he has worked steadily and made a name for himself as one of the most reliable?and castable?actors in Asia. Lately, however, Tsang has won over critics as well as moviegoers with a more sinister turn as Sam, the triad...
...They’re not going to rip up the buildings now in the middle of the term so we can get the Discovery Channel...