Word: levine
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Dates: during 1990-1999
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Among the performers at the 118-year-old theater were: Stephen Drury '77, Randall Hodgkinson, Igor Kipnis '52, Robinson Professor of the Humanities Robert D. Levin '68, Christopher Taylor '92, Luise Vosgerchian and a number of undergraduates...
...three men circled like prizefighters, lovers or vultures. Then last week the Federal Trade Commission finally blessed a compromise version of Time Warner's $6.54 billion acquisition of Turner Broadcasting. And so, early this fall, a deal is expected to be cut between Time Warner chairman Gerald M. Levin, TBS founder Ted Turner and Tele-Communications Inc. president John Malone: the unsteady father, the unruly son and the unholy ghost...
Time Warner CEO Levin, meanwhile, having pulled off his dream deal, now has a firmer grip on his job, which had been considered tenuous while the merger was pending. Levin's reign has been marked by corporate turmoil, chaos in the Warner Music division and slower than promised reduction of Time Warner's $15 billion debt. The acquisition increases that figure to $17.2 billion, but increased cash flow will ease the debt service. Now Levin has to prove that his strategic vision can generate returns for the shareholders, who, since he took over in January 1993, have watched Time Warner...
...Levin's grand theory--one shared by his megamedia peers--is that in the coming radically deregulated era, production married to distribution will allow a company to create, seamlessly, new products for the digital age. As the dial evolves into hundreds of channels and on-demand services, the cable business has regressed to brutal trench warfare over ever slimmer slivers of market share; the game is to control maximum channels in order to ensure a sufficient outlet for ever growing streams of new and recycled programming. Thus Disney buys Capital Cities/ABC; Viacom buys Paramount and launches...
...just hope it blows over soon enough and everything goes back to normal," Levin said...