Word: mogul
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...finally cornered his very own entertainment conglomerate, but who knew that MCA conqueror EDGAR BRONFMAN JR. was also cornering the market on torch songs? Next month three ballads co-written by the rookie media mogul appear on Intimacy, a new album by Bruce Roberts (the very same singer who made his living back in the 1970s as the musical voice of Danny Partridge on The Partridge Family TV show). And there's more: this coming February, Bronfman-penned lyrics to a song called To Love You More will turn up on pop-schmaltz goddess Celine Dion's new disc...
Time Warner is still moving toward an agreement to buy Turner Broadcasting, but negotiators expect to take several days to resolve last-minute issues. It might be longer, reports business writer Barbara Rudolph, if cable mogul and key Turner board member John Malone doesn't like the way $8.5 billion media merger develops. "Malone's Telecommunications Inc. is a rival of Time Warner. Malone can either make this deal or prevent it from happening." If or when the deal gels, she adds, "it's not clear whether all those egos (Malone, Time Warner Chairman Gerald Levin and Ted Turner himself...
Entertainment mogul David Geffenannounced that he will donate $4 million to two New York AIDS organizations. "I hope my contribution will encourage more people to come forward and give generously," Geffen told TIME Daily. "The real need is to raise money from people, whatever they can give, whether it's ten dollars, a hundred, a thousand. I've given $10 million to AIDS causes over the last three years." The money will be divided between the Gay Men's Health Crisis and God's Love We deliver, an organization that provides hot meals to homeless AIDS victims...
...public stance on the issue--the V chip seems a neat solution to the problem of asserting parental control. "I think that with a hundred channels coming in the future, parents should be able to push one button and knock gratuitous violence out of their homes," said cable mogul Ted Turner at a recent press conference. Representative James Moran, a Virginia Democrat, says, "We're not suggesting this is a perfect solution. All we're doing is offering something to parents who have to be in the work force. They have no way to effectively control what their children...
...probably be as leery as anyone else about the notion of privatizing Social Security? "Maybe," says Michael Steinhardt, the hedge-fund guru who chairs the Progressive Foundation, which will publish the manifesto. Steinhardt is one of about two dozen wealthy Democrats behind the project, a roster that includes entertainment mogul Barry Diller; investment bankers Steve Rattner, Felix Rohatyn and Barrie Wigmore; and entrepreneurs Mitch Hart, who started Electronic Data Systems with Ross Perot, and Sandy Robertson, who assembled much of the California support so vital to Clinton's '92 drive...