Word: stationed
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Dates: during 1990-1999
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...Ziff-Davis, the American computer-magazine giant. Then he bought 37% of Yahoo, the U.S. Internet search-engine company. In June he and another corporate conqueror, News Corp.'s Rupert Murdoch, acquired a 21% interest in TV Asahi, which will be the entrepreneurial duo's base for a 150-station satellite network called Japan Sky Broadcast. And in September, Son's Tokyo-based Softbank paid $1.5 billion for 80% of California-based Kingston Technology, the world's largest maker of computer-memory products. Son's ultimate goal: nothing less than Softbank's dominance of the Internet world...
China before Deng may have been poor, but everyone was equally in need. Now, around the corner from Shanghai's glittering Golden Age club, those forgotten by the economic boom gather under the eaves of the central railway station. There, a "floating population" of the destitute from far-flung corners of the nation arrives by the carload, hoping that Shanghai will be the land of plenty. Ran Yigang, a scruffy 23-year-old with the thick hands of a farm laborer, got off the train last week from Anhui, one of the poorest provinces. All day he searched in vain...
...Marie Kordus have become increasingly scared to look down. You could call it verti-Dow. "I try not to watch the market every day because it will make me crazy and I'm afraid I'll make the wrong decisions," says Kordus, 41, who runs a hip-hop radio station in Los Angeles and has built a portfolio of stocks that have jumped about 25% in value in the past two years...
Investors like Susan Hoffman have experienced both sides of such trends. Hoffman, 45, lost her job as vice president and general manager of a San Diego radio station three months ago, when her employer merged with another company. Presumably the merged company will be more efficient and more profitable, which is good for its stock price. Now Hoffman boots up her computer every morning to track stock-market investments that have earned her $76,000 in just the past year. "I'm a risk taker," she says. "I'm not thinking of pulling out." Neither is Mike Pearson, 48, regional...
Chancellor Media will own 103 radio stations in 21 markets, and a dominant share in 11 of the 25 largest radio markets--for example, a 15% bite of New York City's airwaves. Only Westinghouse/CBS is bigger, thanks to its purchase last year of Infinity Broadcasting for $4.9 billion. Does consolidation mean homogenization? No, says Evergreen CEO Scott K. Ginsburg. Stations succeed only on the virtue of their programming. Says he: "The audience has no idea when they press a button which company owns the station...