Word: junking
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Dates: during 1980-1989
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Andy Rooney, the elfin curmudgeon of 60 Minutes, usually gripes about quaintly trivial matters like hand soap and junk mail. But in his syndicated newspaper column two weeks ago, he launched an angry attack on a more substantial target: his own bosses. Recent layoffs and the just announced demise of the CBS Morning News, he charged, were symptoms of a growing bottom- line approach to news that is unworthy of a once great network. "CBS, which used to stand for the Columbia Broadcasting System, no longer stands for anything," Rooney wrote. "They're just corporate initials...
...million dollars for the moviemaking studio and its assets, especially a rich library of some 3,600 films that includes such gems as Gone With the Wind and The Wizard of Oz. In the process the Atlanta tycoon had to raise nearly $1.2 billion, mostly by issuing high- interest junk bonds, thereby pushing TBS's total debt to nearly $2 billion. He now faces a $600 million repayment that comes due Sept. 15. Will Turner be able to keep his head above water? His subordinates think so. "We've always lived close to the edge," says TBS Vice President Robert...
...money from outside partners (minimum investment: $20 million each), which it combines with some funds of its own to form essentially a down payment. The new owners raise the rest of the purchase price by having the company take out bank loans and issue securities, which are often called junk bonds because they pay high interest rates but are unusually risky. Kohlberg Kravis makes its profits from several different aspects of the deals, including fees for arranging them, estimated at $160 million last year, and capital gains on its stock investment when the bought-out company is later sold...
...this point Cameron did his usual unusual thing. He went into hibernation with a stack of legal pads, denying himself all sensory stimulation except music he deemed appropriate to the project (Gustav Holst's The Planets). He believes in junk-food diets as an aid to inspiration, "provided you don't take it past four months." Four days, fortunately, was all the time it took him to work up a treatment for Aliens that typed out at about 45 single-space pages...
...rumpled dresser with a former athlete's disdain for exercise as well as a fondness for junk food that has doubled his chin, Bradley is not particularly telegenic. Although he has a wry sense of humor, he is too deliberate to be glib. But Bradley, who actually writes his own speeches, is trying to become less wooden. "You improve the more you speak," he says. "If you think I'm bad now, you should have seen me at the beginning. I'm up from zero." Having mastered what he calls his "inside game"--a thorough command of detail--he says...