Word: disneyized
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...what does John Harvard have to say about all these tourists visiting the Disney World of academia...
...deal, which would vault Time Warner ahead of the newly combined Walt Disney Co. and Capital Cities/ABC, raises questions ranging from how Levin, Turner, Malone and top Time Warner executives would co-exist to the impact on Time Warner shareholders. The buyout would lock the cerebral Levin into a potentially volatile alliance with the driven and charismatic Turner, who would own about 11% of Time Warner stock and become its vice chairman under the expected terms of the agreement. "In bringing Turner in, Jerry is rolling big dice," says a media-industry watcher. "He may continue to be chairman...
...Unlike Disney's lightning-quick buy of Cap Cities, the Time Warner-Turner deal is a work in progress. At week's end, at Time Warner's Manhattan headquarters, negotiations proceeded urgently. But the very announcement set off Wall Street speculation that other moguls, such as General Electric chairman Jack Welch and News Corp. chief Rupert Murdoch, would enter the bidding for Turner. But Murdoch denied any interest; and GE indicated that while it would not try to break up this deal, it remained interested in Turner if the Time Warner acquisition failed. Says Harold Vogel, a media analyst...
...year, Turner angled desperately to buy a TV network, first nbc in January and cbs until only a few weeks ago. Levin, for his part, had been talking of unloading the company's long-held 19% stake in tbs in order to pay down debt. The game changed when Disney and Cap Cities eloped, raising the ardor and insecurity of moguls everywhere...
...formidable adversaries when they choose to be. But maybe this time Levin can harness the killers as his own hired guns. "Turner and Levin are smart enough to know they need each other," says analyst Logsdon. If Michael Ovitz, the ultrapowerful chief of CAA, could go to work for Disney's Michael Eisner, then surely Ted Turner could take a seat on Gerald Levin's TW board as a buccaneer emeritus, and do his vision thing. "Ted isn't someone who comes in the office every day and sits at his desk," says a top Time Warner executive. "He travels...