Word: tbs
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...startling sum of $1.7 billion. Then he aimed at nothing less than boosting world peace with his Moscow Goodwill Games in July, which failed to attract the huge TV audience he had expected. Last week the ebullient Turner dipped into the water again when second-quarter results from TBS showed a loss of more than $85 million. The news sent the company's stock down to 16 7/8 a share (its 1986 high: 29 1/4) and once more put Turner's buccaneering future in doubt...
...moviemaking studio and its assets, especially a rich library of some 3,600 films that includes such gems as Gone With the Wind and The Wizard of Oz. In the process the Atlanta tycoon had to raise nearly $1.2 billion, mostly by issuing high- interest junk bonds, thereby pushing TBS's total debt to nearly $2 billion. He now faces a $600 million repayment that comes due Sept. 15. Will Turner be able to keep his head above water? His subordinates think so. "We've always lived close to the edge," says TBS Vice President Robert Wussler. "Today's numbers...
Many investment specialists are confident that Turner will weather his latest storm. Karen Firestone, an analyst at Fidelity Management in Boston, argues that TBS's underpinnings remain sturdy. In addition to the film library, which TBS values at nearly $1.2 billion, Turner's video empire includes the newly profitable all-news cable network CNN, which Firestone values at $800 million, and his original WTBS Superstation in Atlanta, said to be worth $700 million more. But some observers think TBS may be overestimating the value of the MGM film library by as much as $500 million. The archive contains...
...Tbs. Butter 1 C. boiled milk1 Tbs. sugar 1 Tbs. light brown sugar 3 C. flour 1 jumbo egg 1 tsp. nutmeg 1 env. dry yeast 1 tsp. salt...
...tbs. chopped parsley...