Word: network
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...that although 70% of Connecticut respondents want Ross executed, in general just 37% favor the death penalty over life without parole. Being the exception may be part of Ross's motivation. "Michael relishes the idea of being the only one," says Robert Nave, who, as head of the Connecticut Network to Abolish the Death Penalty, has visited Ross frequently. "I think he knows he'll go down in history as the first--and perhaps the last-- guy executed in modern New England...
...buying back 21% of its own stock for about $1 billion in a deal that will make it virtually impossible for Turner's takeover effort to succeed. Both the Federal Communications Commission and a U.S. district court in Atlanta blocked Turner's last-minute legal challenges to the network's move...
Despite last week's severe setback, Turner seemed determined not to give up. He talked of raising enough financing to make a cash bid for CBS or perhaps staging a proxy fight for control of the network at its annual meeting next spring. Meanwhile, reports at week's end suggested that the broadcast maverick may already have his eyes on another takeover target: entertainment giant MGM-UA. ENTERTAINMENT Ratin' Rock 'n' Roll...
...Network executives still lie awake at night dreaming of ways to duplicate that glorious feat. This month two of those visions are having their debuts: NBC's American Almanac premieres this week and CBS's West 57th next week.[*] Both magazine shows last an hour, but they have little else in common. In style and approach, the programs are as different as, say, a hip teenager and his slightly stolid...
...Just as in real VC handshakes, deals can unravel during postshow due diligence. There's a Clay Aiken effect too. Like the Idol loser who flourished, Dragon rejects have found cash elsewhere. Dragons' Den looks ripe for the U.S., venture capital's home. Sony is talking with a U.S. network, rumored to be Discovery. --By Mark Halper