Word: paramount
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...deal irked some shareholders who held stock in Time Inc. when Paramount Communications made a failed bid for it in 1989. Time shares topped $182 then, but a year later fell as low as $66; before the rights plan was unveiled, they had climbed back to $120. "If you're a longtime Time Inc. shareholder, with this plan you've once again been moved to the back of the bus," complains Richard Reiss, managing partner of Cumberland Associates, an investment firm that holds Time Warner shares...
...grossing pictures of 1990 would be Home Alone, Ghost, Pretty Woman and Dances with Wolves, you could now be running the major studio of your choice. If, like most everyone, you had put your money on megabudget action adventures, you could be Frank Mancuso, who doesn't run Paramount Pictures anymore. Starting this month, the movie industry puts its snazziest fashions on display. The only thing certain about the product is that there will be more of it -- 50 films, by one count, compared with 35 last summer. In forecasting the winners, moviegoers and moguls will have five questions...
Thus the credo "Quit while you're ahead" may have inspired last week's announcement: Tartikoff was leaving NBC to head Paramount Pictures...
...Paramount can use the help. Ghost turned box offices into cash cows, but the studio remains a flophouse, home to such crowd displeasers as The Two Jakes and The Godfather Part III. What about rumors of a Paramount-NBC merger? | Nonsense, says Paramount chief executive Martin Davis -- at least for the near term...
...seven tent cities, each housing up to 100,000 Kurds. The idea is to bring the refugees down from the barren, freezing and almost inaccessible mountain slopes where they are perched and relocate them where they can be given adequate food, water, shelter, sanitation and medical care. And, of paramount importance, safety: the camps will be protected by as many as 10,000 soldiers from the U.S., 5,000 from Britain, 1,300 from France and 1,000 each from the Netherlands and Italy. from any attempt by Saddam Hussein to exact bloody vengeance for the Kurds' failed revolt...