Word: diller
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Dates: during 1990-1999
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...leery as anyone else about the notion of privatizing Social Security? "Maybe," says Michael Steinhardt, the hedge-fund guru who chairs the Progressive Foundation, which will publish the manifesto. Steinhardt is one of about two dozen wealthy Democrats behind the project, a roster that includes entertainment mogul Barry Diller; investment bankers Steve Rattner, Felix Rohatyn and Barrie Wigmore; and entrepreneurs Mitch Hart, who started Electronic Data Systems with Ross Perot, and Sandy Robertson, who assembled much of the California support so vital to Clinton's '92 drive...
...effect, a $2 billion bet on Murdoch's savvy and vision. Which is why his failure to develop clear successors among his management team is a growing problem for the 64-year-old executive. The media world is full of former Murdoch lieutenants, including free-lance mogul Barry Diller and Disney motion-pictures chief Joe Roth. After Murdoch is gone, who runs the place? MCI tried addressing that question with a contract clause that gives it the right to acquire Murdoch's News Corp. stock in the event his heirs choose not to sell a substantial stake. That...
...even the FCC's behavior. One of its own commissioners publicly attacked the probe, branding certain actions "misguided." Even the form of the investigation is unusual, with the commission's lawyers demanding documents from throughout Murdoch's U.S. empire and ordering depositions from Murdoch, former Fox Inc. chairman Barry Diller and a dozen other current and former Fox officials...
...which he repurchased in 1993 under an FCC waiver granted to help him rescue the struggling paper, but the second obstacle proved more daunting. Murdoch abandoned his Australian citizenship and with great fanfare became an American. Next he structured the deal so that he, now an American citizen, and Diller would together own 76% of the voting control of the stations. Through a long chain of intermediary companies, Murdoch's Australia-based News Corp. would own the remaining 24% of the voting stock, just under the federal threshold...
...rash of rumors now suggests that Bronfman, if he buys MCA, would ask one of his friends, Ovitz or at-large media mogul Barry Diller, to run it. But either of them would surely insist on substantial equity, and last week both were denying any interest in the job. It is more logical that Bronfman would urge Sheinberg to stay on-not least because that would assure MCA of a Spielberg-DreamWorks connection-but that Edgar Jr. would run the show...