Word: davision
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Dates: during 1980-1989
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In response, Davis says he discussed a friendly merger with Munro and Time president N.J. Nicholas several times from 1986 through 1988, but was rebuffed on each occasion. As a result, Davis told TIME senior correspondent Frederick Ungeheuer, "I said we would not do anything hostile and would respect Time...
In his interview with TIME last week, Davis sought to downplay the debt issue. "We have the ability and the credibility to manage this debt," he said. "Also, it will not last forever. We will bring it down in time." An avowed cost cutter, Davis strongly denied rumors that he...
While rumors had circulated for months that Davis was preparing a bid, Time executives counted on his promise of noninterference. "He's on the telephone to us almost every day," a senior Time officer said several weeks before Davis made his move. "He's just unhappy that he's been...
Investment bankers, who stand to make hundreds of millions of dollars in advisory and underwriting fees no matter who comes out on top, had been hunting for months for a firm to derail the Time-Warner deal. Morgan Stanley gave its search for a spoiler the code name Project Clock...
CORRESPONDENTS: John F. Stacks (Chief); Barrett Seaman (Deputy); Suzanne Davis (Deputy, Administration) Special Correspondent: Michael Kramer Correspondent at Large: Bonnie Angelo Washington Contributing Editor: Hugh Sidey National Political Correspondent: Laurence I. Barrett Diplomatic Correspondent: Christopher Ogden