Word: saporito
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...million-and-growing e-mail nation (which is reported to have spent $2.5 billion online during the holiday season) provides an unmatched Internet audience for Time Warner's content. "This is a natural progression from TIME's mergers with Warner and with CNN," says TIME business editor Bill Saporito. "As media evolves, you have to play this game in order to be a growth company...
...Warner's news-and-entertainment empire, but also its cable television infrastructure, which will prove invaluable if the Virginia-based juggernaut is to dominate the next, broadband phase of Internet development as comprehensively as it has ruled the current era. "Time Warner's cable distribution system is unmatched," says Saporito. "And now those fat pipes are going to be pumping...
Moved PermanentlyMoved PermanentlyFortune Investor Datathough the two corporations' executives stressed the compatibility of their corporate cultures, the match may be discussed for years to come in MBA programs. "This merger has created a really big company," says Saporito, "and the history of big mergers in other industries is that they really don't work very well. So the success of this one is far from guaranteed." The two sides also had to do some bargaining on valuation. In the end, the deal was this: Time Warner shareholders will be given 1.5 shares in the new entity, while AOL's will...
...future. Chris Taylor examines the food fight among online grocery services, and Maryanne Murray Buechner wonders how Wal-Mart will fare in an e-commerce world. "The Internet clearly has been one of the most dynamic forces in the history of capitalism," says business editor Bill Saporito, who produced the package with help from senior reporter Bernard Baumohl, deputy picture editor Rick Boeth and associate art director D.W. Pine...
...Bill Saporito...