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Disney executives can expect to whistle while they work, since the deal is already showing handsome returns. The firm is putting up only $160 million in equity. Investors stepped forward with an additional $1.2 billion, and banks and the government lent $2.6 billion. When the gates open, Disney will take 10% of admission revenues and 5% of food and merchandise receipts. It will also receive 49% of all profits. Estimated annual gross receipts for the first year: about $1.12 billion...

Author: /time Magazine | Title: Monsieur Mickey | 3/25/1991 | See Source »

...gift comes with a few strings attached. Nothing in it can be sold or lent out. It will go into what is now called the Andre Meyer galleries -- an awkwardly designed space that the Met wants to rebuild. Will Annenberg toss in the extra $10 million or so the museum needs for the job? And will Meyer's name vanish from the plaque, to be replaced by the ex-ambassador's? Don't bet against...

Author: /time Magazine | Title: ART: The Gift of A Lifetime | 3/25/1991 | See Source »

...press's current objections, however justified, have only added to the myth of Vietnam as a war in which unchecked reporting from the front caused unprecedented public dissent, leading to ultimate defeat. By comparing Gulf War media rules to those in Vietnam, reporters have lent credibility to the accusations that they have fought since the late 1960s...

Author: By John A. Cloud, | Title: Vietnam: A Censored War | 3/9/1991 | See Source »

Reeves also lent his voice in support of the measure and said it was an important first step to looking beyond rent control for the solutions to the city's lack of affordable housing...

Author: By Julian E. Barnes, | Title: Cyr: Council Faces Funding Problems | 3/6/1991 | See Source »

...that was before technology lent him a hand. Watch him now. Taking a seat at his word processor, Bristol dons a headset with a microphone and starts to dictate. "This is a test of my new computer program," he says. As he talks, his words pop up on the screen. "This program allows me to dictate my weworts." Bristol spots the spelling mistake and grimaces. "Oops," he says into the microphone. The machine understands the word oops, backs up one word and automatically goes into spell-check mode. Five words sounding like weworts appear on the screen, including...

Author: /time Magazine | Title: Machines That Work Miracles | 2/18/1991 | See Source »

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