Word: parental
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...badly wounded WB (owned by TIME's parent company, AOL Time Warner) soon cried corporate foul at the deal. Earlier, Fox Television had made noises about taking the series to its sister network Fox, which would have been a clear example of self-serving synergy that would have made other networks unlikely ever to buy a show from Fox again. (Why do it if they'll yank the series once it becomes a hit?) But Fox's parent company is also closing a deal to buy several UPN affiliate stations, and the scuttlebutt is it may ultimately want a piece...
...Certainly TV executives - like the audience as a whole - should worry about the results of such vertical integration (at Disney-owned ABC, for instance, it's now nearly impossible for a studio to get a show on the air if it's not owned by the parent company). But The WB's whining is a little disingenuous. "Buffy" is a big hit by the standards of a little network. But it's a niche show nonetheless: It would never go to NBC, ABC or CBS, and if it did, those networks, which need a huge tune-in to keep...
...They did not go quietly. The journalists moved down the street to the studios of TNT, a low-powered station that is also part of the Media-Most group, NTV's parent. There they immediately broadcast their version of the night's events. The new management of NTV confidently announced that its first news program would air at 8 a.m. A bulletin appeared, but not the one Jordan and his staff expected. Instead, viewers were treated to a little guerrilla TV: two rumpled "rebel" journalists reporting their version of the proceedings from TNT. This was quickly replaced by the adventures...
...Those paragraphs went off like a grenade in the otherwise unremarkable study. The press ran alarming stories about blameless children being left behind. The White House called a conference on childhood development. Parents snapped up news of both, hoping it wasn't too late to undo whatever damage they had unwittingly done to their kids. "Every parent began to worry," says John Bruer, president of the McDonnell Foundation and author of the book The Myth of the First Three Years. "They thought, ?If I don't have the latest Mozart CD, my child is going to jail rather than Yale...
...smile. After shrugging off Cisco's woes on Tuesday (and feeling pretty good about having done so), the Dow and the NASDAQ were already surging Wednesday on Street-beating earnings reports from Old and New Economy stocks alike - Intel, General Motors, J. P. Morgan Chase, and AOL Time Warner (parent empire of this writer - go stock options!). The rally, you see, was already...