Word: diller
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...Viacom and Sumner Redstone, the company's iron-willed billionaire chairman, had looked like certain losers. But thanks to frenzied financial maneuvering and a stunning and perhaps precarious alliance with Blockbuster Entertainment Corp., the world's largest retail video-store operator, Viacom turned the battle around and put Barry Diller to rout...
This is the story of how Viacom won the battle and how Diller, one of the toughest and savviest Hollywood wizards, let the prize slip away. It is also the story of shattered careers, plunging stock prices and looming corporate shake-ups, all of which are part of the true cost of Viacom's $9.8 billion victory...
With a vision he once publicly compared to Barry Diller's plans for QVC, Sculley had hoped to parlay the valuable patents of the once little-known company into a behemoth befitting a new name he dreamed up for Spectrum: Global Wave Communications. What was to have been a comeback for the 54-year- old executive, who stepped down last June after failing to restart Apple's stalled rise, instead poses new questions about his business acumen...
...issued guidelines that asked manufacturers to substantiate the claims of their products. Stricter rules and an influx of such yuppie-swank companies as Volvo and Braun to the $750 million infomercial business have resulted in the marketing of fewer gadgets ending in the suffix o-matic. In addition, Barry Diller's purchase of QVC has given the entire home-shopping industry an element of cachet. Diller was introduced to QVC by his friend Diane Von Furstenberg, who sells a line of women's clothes on the channel, and he is luring other upscale designers, among them Karl Lagerfeld...
...TIME: Do you think Sumner understands why you've decided to endorse Barry Diller...