Word: murdoch
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Diller had other reasons to err on the side of caution. While serving as chairman of Rupert Murdoch's Fox Inc. in the late 1980s, he saw how excessive debt almost sank that entertainment company. In the end, Diller essentially threw in his hand and let Redstone rake in the pot. For Redstone, the triumph in what he angrily came to call "the cruel, abusive and sometimes ridiculous battle for Paramount" could hardly have been sweeter. With the battle about to end last Monday, Redstone, Biondi and two Viacom colleagues repaired to the posh "21" Club in midtown Manhattan...
...right to spend $399.5 million a year on games for which CBS has been taking in around $200 million a year -- which means Fox has agreed out front to squander tens and probably hundreds of millions of dollars during the next four years. The deal, Fox's Rupert Murdoch blithely concedes, "will certainly be a loss." But these days in the televi -- that is, information superhighway -- business, the iffy expenditure of billion-dollar sums is required in order to be considered visionary. "It's a plan for the future," says Lucie Salhany, Murdoch's charmingly high-strung network president...
...matter of frustration to the owners of the commercial networks, who have tried all sorts of marketing tricks and still count fewer than 5 million subscribers among them. Most commercial networks now allow electronic mail to pass between their services and the Internet. Delphi, which was purchased by Rupert Murdoch's News Corp. in September, began providing its customers full Internet access last summer. America Online (which publishes an electronic version of Time) is scheduled to begin offering limited Internet services later this month...
...handsomely monogrammed baggage of an outsize personality. They would be too big for the role, tell too much. Hopkins is just the man for this. For much of his career, as a prissy Richard the Lionheart in The Lion in Winter (his first film, 1968) or the Rupert Murdoch-like press baron in the 1985 play Pravda, he had his own suitcase of mannerisms: the clipped elocution, the run-on sentence, all the pensive ahhs and umms. But with age and stardom, he has discovered how to be still. He knows he can do less and be more. Audiences will...
...vast range of entertainment and information markets at home and abroad. Viacom and AT&T are building an interactive cable-TV system in Castro Valley, California, that has similarities to one that Time Warner has under construction in Orlando, Florida. At the same time, MTV competes overseas with Rupert Murdoch's British Sky Broadcasting and Ted Turner's CNN. But industry watchers say such clashes of the titans don't have to be fatal. Says Christopher Dixon, an industry analyst for Paine, Webber: "There's room on the planet for all these guys...