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...upscale venture that charges as much as $7.50 for a ticket, lost $12 million in the first quarter of this year after expanding rapidly. And the $640 million Universal Studios amusement park in Florida, which opened in June, has been plagued by technical failures. But MCA chairman and patriarch Lew Wasserman, 77, apparently believes MCA's biggest strategic shortcoming is its failure to find a merger partner that would enable it to compete with such giants as Fox Inc. and Time Warner...

Author: /time Magazine | Title: Going Ape for Entertainment | 10/8/1990 | See Source »

...power struggle began four years ago when patriarch L.S. Shoen began turning the U-Haul dynasty over to his 12 children. Since then, son Sam has become embroiled in an interfamily management dispute that reached the level of fisticuffs at a 1989 meeting. The elder Shoen is now attempting to regain control of the company and bring the feud...

Author: /time Magazine | Title: Investigations: A Murder in the U-Haul Family | 8/20/1990 | See Source »

...Pope may no longer be an Italian, but it goes without saying that the Patriarch of Moscow and All Russia must be a Russian. Until last week, that is, when yet another unbreakable rule was broken in the Soviet Union. At the resplendently gilded Trinity-St. Sergius monastery in Zagorsk, ceremonial bells and chimes greeted the election of an Estonian of German stock, Metropolitan Aleksy of Leningrad, as the next Patriarch. It is the first time since the Bolshevik Revolution that the Russian Orthodox Church has chosen its leader free of manipulation by the atheistic regime...

Author: /time Magazine | Title: Religion: Victory for A Dark Horse | 6/18/1990 | See Source »

...Patriarch draws immediate authority and credibility from his election by a 330-member Local Council with a bishop, priest and lay delegate representing each of the nation's dioceses. Aleksy will reign over a flock of some 50 million members (in contrast to 19 million Communists). As Mikhail Gorbachev fully recognizes, Orthodoxy could provide a unique source of continuity, stability and morality amid escalating Soviet turmoil. Enthroned at age 61 with life tenure, Patriarch Aleksy is quite likely to be a national leader long after Gorbachev leaves power...

Author: /time Magazine | Title: Religion: Victory for A Dark Horse | 6/18/1990 | See Source »

Vladimir, who ranked second in the bishops' nominations, followed Aleksy as administrator at patriarchal headquarters in Moscow and shares his moderate views. But it was highly significant that the delegates bypassed Filaret, a hard-liner who had served as acting head of the church since the death last month of Patriarch Pimen. Leader of the Kiev diocese since 1966, Filaret is more of a Ukrainian chauvinist than is Vladimir and, according to dissident priest Gleb Yakunin, is seen as "a KGB puppet." He was third in the bishops' vote...

Author: /time Magazine | Title: Religion: Victory for A Dark Horse | 6/18/1990 | See Source »

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