Word: paramountly
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Viacom Inc., which owns MTV and other show businesses, announced a planned $8.2 billion acquisition of Paramount Communications. But at week's end two other TV titans -- QVC chairman Barry Diller and Turner Broadcasting -- were reportedly considering their own, separate bids for Paramount...
...video-game industry is being propelled forward by a technological imperative that is reshaping most forms of entertainment. America's telemedia giants -- from AT&T and Time Warner to Tele-Communications Inc. and the proposed Paramount-Viacom combo -- are spending billions to turn today's passive television broadcast system into a two-way, interactive information highway capable of delivering not just movies, sitcoms and news on demand, but the world's greatest video games as well...
...ride the shuttle into orbit to repair the star-crossed Hubble Space Telescope. Should the unprecedentedly complex mission go exactly as planned, NASA could regain some credibility. But if history is any guide, it probably won't. Space is a harsh and unforgiving place, where Murphy's Law is paramount. In fact, many of NASA's best public relations successes have come at the brink of failure. Engineers restored 70% of the Galileo probe's function after its main antenna failed to deploy; astronauts grabbed the Intelsat-6 satellite by hand when a less dramatic rescue technique proved useless; astronauts...
...Turner's latest political crusade is violence in movies and on TV; he's against it. That vehement distaste led him to exclude the Godfather movies from his recent purchase of TV rights to 300 Paramount movies. Odd, then, that he's buying New Line, a company whose success has derived from gratuitous martial-arts violence (the Teenage Mutant Ninja Turtle movies) and gratuitous slasher-film violence (its Nightmare on Elm Street series, the Friday the 13th series...
...press has been itching for a revival of glamorous corporate takeovers. There's no business as sexy as show business, and this summer the wishful murmurs in New York City and Los Angeles have proliferated, become louder, zanier: Bill Gates is buying Whittle Communications, Disney is buying Whittle, Paramount is buying Viacom and its MTV Networks, Ted Turner is buying a movie studio . . . And, of course, Bill Cosby is buying...