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...Senate -- a first for the GOP since 1986. (Tony Coehlo, a chief Democrat strategist, admits the Dems will lose five to eight seats.) Nearly all major races were too close to call by 7:30 p.m. A possible if unsurprising, scene-setter: republican Michael DeWine defeated legal mogul Joel Hyatt in a race to replace Hyatt's exiting father-in-law, Democrat Howard Metzenbaum. Of 52 "open" House seats, 31 were Democratic, and more than half of them were at risk of falling into GOP hands. Likewise, voters are deciding 36 governorships, and seemed poised to cut down the Democrats...

Author: /time Magazine | Title: GOP ROUT IN PROGRESS? | 11/8/1994 | See Source »

...White House was crammed with glamorati three weeks ago for a state dinner honoring Boris Yeltsin. Few noticed that among the visitors from Hollywood were three men -- director Steven Spielberg, music mogul David Geffen and ousted Disney movie chief Jeffrey Katzenberg -- who between courses were giddily planning to merge their talent and clout in a new entertainment company. "We're in tuxedos talking about a brand new studio," Spielberg recalls, "and just across from us there's Yeltsin and Bill Clinton talking about disarming the world of nuclear weapons...

Author: /time Magazine | Title: SHOW BUSINESS: A Studio Is Born | 10/24/1994 | See Source »

...were pooling their creative and financial resources in order to form their own studio. The trio: Jeffrey Katzenberg, the recently spurned Walt Disney Co. executive who is widely credited with revitalizing that studio's animation division; Steven Spielberg, history's most successful director; and David Geffen, the record-industry mogul. The new firm was rumored to be interested in helping a management-led buyout of an existing competitor -- most likely MCA's Universal -- in order to get a quick start...

Author: /time Magazine | Title: The Week October 9-15 | 10/24/1994 | See Source »

...call a taxi to the White House." Billionaire record company mogul David Geffen. Speaking to former Disney executive Jeffrey Katzenberg about plans to form a new multi-media studio with Steven Spielberg. Geffen was staying in the Lincoln Bedroom as President Clinton's guest. Quoted in The New York Times (October...

Author: NO WRITER ATTRIBUTED | Title: NEWSPEAK | 10/19/1994 | See Source »

...president of CompuServe, the largest (2.25 million subscribers) of the field. Upstart America Online grew at such a rapid clip -- an extraordinary 200% in the past 12 months -- that subscribers complained of busy signals and its stock was whipsawed by takeover rumors (the most recent: that cable-TV mogul John Malone wants to buy a big stake). Even Prodigy, the troubled online service that has reportedly swallowed $1 billion of its co-owners' (IBM and Sears) shrinking capital, seems to have turned the corner and is finally showing a profit...

Author: /time Magazine | Title: Hooked Up to the Max | 9/26/1994 | See Source »

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