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Turner has put forth a novel, no-cash financing plan. His Atlanta-based Turner Broadcasting System will offer a complex package of several types of stocks, bonds and other securities worth $5.4 billion in exchange for all 31 million CBS common shares. The deal could take more than a year to complete, even if it comes offsmoothly, which is unlikely. Despite Turner's reputation for accomplishing the near impossible with such ventures as Cable News Network and SuperStation WTBS, the proposal represents an almost incredible reach. Wall Street financiers are skeptical that Turner Broadcasting, which had 1984 revenues...

Author: /time Magazine | Title: Captain Outrageous Opens Fire | 4/12/2005 | See Source »

...spent most of his adult life on college campuses, teaching and writing: poems, critical essays, reviews, a novel (Pictures from an Institution), translations and children's books. His visible eccentricities were mild. He appeared vain about his looks. As a young man, he turned himself out like a river boat gambler, slim, dark, natty and sporting a pencil mustache; in his late 30s he raised a bushy, patriarchal beard. When he was excited, his high, piercing voice had a tendency to rise in volume and exaggerate his Tennessee twang. For the most part, though, he kept his inner fires banked...

Author: /time Magazine | Title: Books: A Love Affair with Learning | 4/12/2005 | See Source »

...April entries, both pummeled by reviewers: Leader of the Pack, a rock nostalgia show, and Grind, a $4 million-plus spectacle set in a 1930s burlesque hall. They are to be joined this week by the season's last hope, Big River, an adaptation of Mark Twain's novel The Adventures of Huckleberry Finn...

Author: /time Magazine | Title: Theater: Where Are the Hit Musicals? | 4/12/2005 | See Source »

...Coming Catholic Church's Gibson uses a novel analogy to explain another attribute the Cardinals may seek. "Just as Bill Clinton was considered the first African-American President," he suggests, "John Paul could have been considered the first Third World Pope." With his wholehearted visits to Brazilian favelas and his efforts on behalf of debt forgiveness, says Gibson, the late Pontiff's evident Europeanness did not prevent him from becoming "a hero in the southern hemisphere...

Author: /time Magazine | Title: What The New Job Specs Are | 4/11/2005 | See Source »

...Harvard symbologist.” NBC’s forthcoming miniseries based on the Book of Revelation (and catchily entitled Revelations—I can’t wait!) features a skeptical Harvard astrophysicist, Professor Richard Massey. All of this augurs well, we feel, for the success of our novel: America is plainly interested in Harvard...

Author: By Phoebe Kosman, | Title: Fictional Harvard | 4/11/2005 | See Source »

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