Word: stakes
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Dates: during 1990-1999
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...safeguarding 800,000 acres and easing commercial activity restrictions on 5 million acres. Fourteen energy companies worked to win exclusion of a key part of this acreage, a 100-mile-long strip of remote terrain in northwestern Montana, known as the Rocky Mountain Front, that could allow them to stake drilling claims. "The matchup was exact. His big campaign contributors got precisely the acreage that they wanted,'' insists John Gatchell, conservation director of the Montana Wilderness Association. But Burns' eagerness to return federal land to state authority has also run afoul of sportsmen in his own state and party...
...Dickerson '98, President of the Harvard Republican Club, said that the real issue at stake in the wrangling over funding is not community service, but the role of the federal government in local issues...
...obstacles will require some bounding over. Levin has incurred the legal wrath of financial partner U S West. The Colorado-based Baby Bell, which owns a 25.5% stake in Time Warner's film and cable holdings, filed a lawsuit in Delaware chancery court last week to block the merger. The phone company, which paid $2.5 billion for its partnership interest in 1993, has for months been in stalled talks with Time Warner, which wants to restructure the terms in order to split the cable from the content companies. U S West claims it has veto power over the merger with...
Other potential opponents include Washington regulators. Consumers Union said it would ask federal regulators to review the deal because it could raise cable prices and restrict programming. Officials at the Justice Department and Federal Communications Commission are likely to scrutinize Malone's stake in Time Warner; as president of Tele-Communications Inc., he already controls the No. 1 operator of cable TV systems in the country; Time Warner's cable unit ranks...
JOHN MALONE HATES IT THAT SOME PEOPLE THINK OF HIM AS A BOARDROOM bandit. The country's most powerful cable operator--whose 21% stake in Turner Broadcasting gave him potential veto power over last week's big merger--has been variously described as Darth Vader, Andrew Carnegie and Genghis Khan. Such comparisons, says Malone, have him all wrong. He's shocked, shocked by reports that he held up the merger--first by insisting that Time Warner do away with its "poison pill" takeover defense, then by demanding seats on the board--until he had squeezed all the juice he could...