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Dramatic it was, beyond doubt. But a coup? Even as Redstone and Huizenga ( were basking in the glow of their new partnership, Wall Street was scratching its head in amazement at both the merger and the apparent meagerness of the new offer. After two weeks of furious negotiations and consultations with a team of investment bankers from Morgan Stanley, Redstone had produced a bid that was considered by many analysts to be not only anticlimactic but also inferior to Diller's current offer. Though the offer is a complex blend of stock and cash, the estimated value of the Viacom...

Author: /time Magazine | Title: A Blockbuster Deal for Beavis and Butt-Head | 1/17/1994 | See Source »

Pakula, who has proved his ability to turn paranoid suspicions into scary reality (Klute, All the President's Men), gives his movie the dark glow we have come to expect from this genre. But we don't go to movies like this in search of stylish apercus. We go to see innocents like ourselves getting swept up by irresistible tides of terror. And to have the pants scared off us. That doesn't happen in The Pelican Brief. An airplane read has been turned into nothing more compelling than an airplane...

Author: /time Magazine | Title: Running (Barely) on Empty | 12/20/1993 | See Source »

...smoke hangs over the city: the government, desperate to limit the daily 12- hour blackouts of summer, spent some of its precious cash on cheap, dirty oil to fire the electric plants. But nights are still dark and silent; only the light from the tourist hotels casts a faint glow over the ocean-front Malecon. Havana is a ghost of itself, its once vibrant life leached out by hard times...

Author: /time Magazine | Title: Cuba Alone | 12/6/1993 | See Source »

...they have also become a source of disappointment. When we compare the division and cynicism of our own time to the rosy glow of the Kennedy years, the present inevitably comes up short. Unsurprising, since our Kennedy is not built upon reality, but upon the hopes of a generation that never knew...

Author: By Timothy P. Yu, | Title: Sharing in the Kennedy Mystique | 11/22/1993 | See Source »

...made 50-ft. leaps across canyons and roads. Palm trees exploded; $1 million homes seemed to combust spontaneously. At the beach, black smoke hung over the surf, and in downtown Los Angeles a steady "snow" of flake-size ash fell. Elsewhere the embers glowed red and started new blazes. In many areas, day became night as soot obscured the sun, while a permanent "sunset," the orange glow of not-so-distant flames, eerily lit the horizon...

Author: /time Magazine | Title: Wild Like the Wind | 11/8/1993 | See Source »

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