Word: galotti
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...million. There was friction between Brown and her backers, Hearst executives and Harvey Weinstein, the hard-charging Miramax co-chairman. While Talk actually increased its ad pages and revenue in 2001, the post-Sept. 11 economic slump appeared to deliver the coup de grace. Said Talk Media president Ron Galotti, "It became fairly bleak for someone...not part of a big corporate conglomerate...
These were the sorts of thoughts one had while sitting with Brown, Weinstein and Galotti last Thursday afternoon in the midtown Manhattan hotel room where they had been holed up taking phone calls and giving interviews since announcing their new venture the day before. With assistants and publicity folk fluttering about like bridal attendants, one had the feeling of being at the white-hot center of the world. If there is to be a culture clash between Brown and Galotti--both used to the bottomless largesse and stylish cool of Conde Nast--and the more profane, tightfisted world of Miramax...
...Galotti: "It kind of reminded me of that scene in Close Encounters where the computers start to realize they can actually talk...
Brown and Galotti will enjoy profit participation to start with, which will eventually turn into equity stakes. The partnership will produce journalistic specials of some sort for ABC (also owned by Disney) that will feature Brown doing interviews. Beyond that, details are sketchy, perhaps even to the principals themselves. But Weinstein makes the whole thing sound easy: "The idea is to marry the two cultures together and say, 'This is a brilliant story that takes place in England; we'll give that to Anthony Minghella [director of The English Patient]. This is something that's feminist and sexy; that sounds...
...rate, with no concrete plans to speak of, what we are left with is the glittering promise of yet another supergroup. This used to be the province of rock stars; now it belongs to disgruntled media executives. Whether the Brown-Galotti-Weinstein alliance will prove to be another DreamWorks, which seems to be working out O.K., or a misguided marriage, like Mike Ovitz being shoehorned into Disney, remains to be seen. Only the sizzle, the sell, is certain. As a reporter prepares to turn off his tape recorder, the interview over, Weinstein can't help but remind...