Word: merger
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Dates: during 1990-1999
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What made the Time Warner-U S West merger possible was an accident of geography: although U S West covers 14 states and Time Warner has cable franchises in 36 states, there is almost no overlap in the territories they cover. (Even so, the deal had to be crafted to avoid various regulatory pitfalls.) The way the transaction is structured, U S West pays Time Warner $2.5 billion over four years -- $1 billion to upgrade Time Warner's cable systems and the rest to reduce its debt (which had ballooned to $16 billion since the 1989 merger of Time...
...MAJOR INVESTORS IN CONTINENTAL AIRLINES AND NORTHwest Airlines are quietly talking merger. DAVID BONDERMAN, whose investor group controls 28.7% of Continental Airlines, and RICHARD C. BLUM, a key Northwest Airlines board member, recently held a secret meeting in the very conspicuous Hotel Bel-Air in Los Angeles. If the two can work out the snags -- such as the fact that Air Canada owns a chunk of Continental -- Bonderman and Blum could make a deal that would shake up the airline industry...
...dismay of neighboring Saudi Arabia's conservative monarchy, the Red Sea republic of Yemen has taken a first step from one-man rule toward multiparty democracy. The General People's Congress Party, which governed North Yemen before its 1990 merger with the Marxist South, won a plurality of the 301 parliamentary seats. But in a bid to curb lawlessness and inflation, President Ali Abdullah Saleh promises a coalition government that will include the southern Yemen socialist and fundamentalist parties...
...Sandra Graham and Rosa Parks Alternative Public School on 15 Upton Street, just west of Central Square, offers one choice. The school emerged in its present form as a result of the 1981 merger of the nationally touted magnet school, the Cambridge Alternative Public School, and the neighborhood district school, the Webster School. The school, now housed in Webster School's building, is the teaching center for 370 Cambridge children from kindergarten through eighth grade...
...merger of video, telephones and computers is creating the most important new medium since television. It's not here yet, but it's coming faster than you might think...