Word: donee
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Dates: during 1990-1999
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Sumner Redstone has done his last big deal. Probably. This year anyway. Oh, heck, at least before our next issue hits the stands. That seems safe. He keeps saying he's done, hedging ever so slightly, and then proving himself wrong. It's either a rare lapse of vision for this self-made billionaire or the grandest ongoing head fake in the entertainment industry...
...done now?" he asks rhetorically. "I can't see any deal on the horizon that approaches the implications for future growth at Viacom [that the] CBS [deal does]. But, of course, nothing is certain." That's the same basic message that Redstone, Viacom's CEO and controlling shareholder, delivered in the wake of his $10 billion acquisition of Paramount Communications in 1994--a stunning deal in its day, one that kept Redstone busy for the next four years selling pieces of Martin Davis' empire to pay down a heaping pile of debt. Last year, when I spoke with Redstone...
Redstone has always taken big risks. The Paramount bidding went $2 billion higher than his target, but he spent the money anyway. He now says he'd never burden Viacom like that again and notes that the CBS deal, a stock swap, was done without paying a premium or adding debt...
...dollars, and in the current world, CBS's TV, radio, billboard and Web properties will make the new Viacom a promotional and marketing juggernaut. Viacom, says PaineWebber analyst Chris Dixon, "is clearly going to be on the cutting edge of any kind of ad spending that's being done across all media...
...many a Madchen's heart aflutter. Unfortunately for them, the Fuhrer was already smitten by a saucy teenager named Angelika Raubal, daughter of his half-sister. Hansen's fictional tour de force sticks to the historical record, but what may or may not have been said or done in private is of necessity impure fiction--dramatizations of Hitler as a sexually disabled masochist are graphic and over the top. Still, this is a painless way to learn a little history and enjoy such priceless dialogue as "She touched the swastika and said, 'Won't the girls at school be envious...