Word: largest
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Even in the era of the megamerger, this one was remarkable. No wonder the press and public were fascinated by the announcement that Time Inc. and Warner Communications would join to form the world's largest information and entertainment company. From Tokyo to Paris to Hollywood, media moguls sized up the new firm, trying to gauge its potential clout in the increasingly fierce international battle for the attention of readers, filmgoers and television viewers. The New York Times proclaimed that the union would "insure Time Warner a place in the 1990s as one of a handful of global media giants...
...question mark is the stance of Herbert Siegel, the president of Chris-Craft Industries, which is Warner's largest shareholder, controlling 19% of the company's stock. He and Ross do not get along, largely because Siegel disapproves of the way Warner spends money on generous executive compensation (for Ross alone in 1987: $4.5 million in salary and bonus) and corporate amenities like the six-bedroom Acapulco villa for entertaining movie stars. Siegel also apparently believes that Warner is being undervalued in the merger agreement. When the proposed deal came up before Warner's board for a vote, Siegel abstained...
...other regulatory problems. The only major overlap between the two companies is that they are both big operators of local cable-TV systems. After the merger, Time Warner will serve 5.6 million customers, or 12% of U.S. households with cable. The new operation will still be smaller than the largest cable company, Tele-Communications, which serves 24% of the industry's customers. Experts say that unless President Bush takes a tougher antitrust stance than the Reagan Administration did, the Government is not likely to block a Time-Warner merger...
After the January inflation report, which included a 0.6 percent rise in the Consumer Price Index, the largest in two years, many economists dismissed it as at least a partial aberration and predicted only a moderate 0.4 climb in February...
Many students have said it is easier to find books in Lamont than in Widener, which houses the largest collection on campus...