Word: paramount
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Dates: during 1980-1989
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...hectic scene marked the latest and most dramatic stage of a three-way battle that has captured the attention of everyone from billion-dollar money & managers to Hollywood movie directors. At issue before Judge Allen was an effort by Paramount Communications to block Time Inc. from acquiring Warner Communications in a $14 billion friendly merger that would create the world's largest information and entertainment company. If the judge had granted Paramount's motion, which was joined by several major Time shareholders, Paramount could have pressed ahead with its hostile bid to acquire Time for $12 billion. But after...
These days his subject matter is grittier, but Spike Lee is still fighting to make movies on his own terms. Paramount Pictures, Lee claims, asked him to tone down the ending of Do the Right Thing, his incendiary new film about race relations, so the 32-year-old director took his picture to Universal rather than subdue the race riot in his final scene. Fiercely independent, Lee writes, directs and produces his films to prevent others from "meddling." He doesn't have an agent, publicist or manager, but the trade-offs of independence are worth it. "What...
...legal struggle, meanwhile, spread to hundreds of cities in which Time's cable-television subsidiary owns franchises. One of Time's anti-takeover strategies has been to say that the transfer of the local cable licenses required by a Paramount takeover would create crippling delays. Time won some support on that front when the U.S. Conference of Mayors and the attorneys general of 13 states expressed concern to the Federal Communications Commission that a hostile takeover of Time's cable-TV operations might violate laws that give state and local governments the right to approve changes in ownership...
...When Roger Ailes was asked to help get Bush elected, he applied his paramount rule for taking a job: "The candidate can't be nuts." Ailes figured then and figures today that he found a man cast in the concrete of sanity...
Congress is putting pressure on the industry to prevent accidents and do a better job of mopping up slicks. -- The Time-Paramount battle heads for a showdown in a Delaware court. -- T. Boone's Tokyo campaign...