Word: channelling
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...idea turned out to be right. Overnight, HBO went from cash incinerator to cash machine. The movie channel became a dominant force in the entertainment business, leading a young Paramount executive named Barry Diller to moan in 1983 that "if HBO and Time Inc. go unchecked, the motion-picture industry will be under total control of one company in less than five years." But even more important, it showed that consumers were willing to pay to subscribe for something that had always been given away free. Around the nation, small cable operators raced to copy Levin's idea. In Atlanta...
Readers should also take into consideration that Microsoft is a partner with NBC, which is owned by General Electric, in an all-news cable channel, MSNBC, which competes with CNN, which is owned by AOL Time Warner. What's more, the editor in chief of MSNBC.com the cable channel's affiliated website, is my mother's brother's wife's aunt's husband's nephew, which obviously makes it difficult for me to evaluate objectively the merits of a merger between a company (AOL) that recently bought the company (Netscape) that makes the Internet browser that competes with the browser...
This is mitigated, however, by the fact that GE--again, a partner of Microsoft in MSNBC--is also a partner, with Disney and Hearst (which, along with Dow Jones, owns SmartMoney magazine; more on that later), in A&E, the Arts & Entertainment cable channel, which is showing a made-for-TV movie starring Jeff Daniels as George Washington, which I haven't seen but which is hard not to hold against these companies anyway. What's worse, GE has direct links, via co-ownership of CNBC, the financial-news cable channel, with Dow Jones, which publishes the Wall Street Journal...
...build Oscar buzz. A new stylist (paid per event) is helping her glam up. "It's so weird. I get calls from designers: 'We'll send a look book. Just tell us what you want,'" says Swank, whose current taste for Valentino should avert barbs from E! channel fashionista Joan Rivers. And the agent who negotiated the deal for Boys Don't Cry is gone, along with her manager of nine years. Instead she's signed with Kevin Huvane, the powerful Creative Artists Agency executive whose other clients include Tom Cruise. "Every agent in town called me," she explains...
TUNES WITHOUT BORDERS Bored with your local AM and FM radio stations? Soon you may have 100 new options. Pioneer presented its concept of a car radio tuned to XM, a 100-channel, national, satellite, subscription-only radio service due to debut later this year. Nicest touch: a text display identifying the upcoming song...