Word: diller
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...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...
Besides the prospect of a job for Barry Diller, one of the great benefits of the information superhighway is supposed to be interactive television. Now programmers at Cornell University have taken a step toward making two-way TV a reality. Thanks to software dubbed "CU-SeeMe," Internet users can tap into live sound-and-image transmissions with their computers. Better yet, users with video cameras can actually exchange TV images with fellow networkers...
...CAPTION: DILLER'S UPS AND DOWNS
BUSINESS: More Frustration for Barry Diller...