Word: malonee
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Malone, a notoriously hard bargainer, has a large say in the deal since he could become one of the largest shareholders of Time Warner by virtue of his stake in TBS. One reason he may support it is that it increases the value of his company's investment in tbs...
"There are still a few hoops to jump through," says Jeffrey Logsdon, entertainment analyst for the Los Angeles-based Seidler Companies. "Malone is a big hoop. A role for Ted is a big hoop. But if it works, Time Warner will be such a large entity that it shrinks the...
Although Levin has known Turner and Malone for more than 20 years, the three have very different personalities, and some observers doubt they can be chummy long enough to seal a deal--or run a company. Turner and Malone would both control major chunks of Time Warner stock, 10% and...
As for Malone, says an entertainment- industry executive who knows all the principals, "Levin and Malone don't get along" -a charge denied by a senior Time Warner executive. "When John talks, you'd better listen," continues the entertainment executive. "Malone and Turner will hold Levin's feet to the...
Turner and Malone are certainly formidable adversaries when they choose to be. But maybe this time Levin can harness the killers as his own hired guns. "Turner and Levin are smart enough to know they need each other," says analyst Logsdon. If Michael Ovitz, the ultrapowerful chief of CAA, could...