Word: turner
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Dates: during 1990-1999
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...Turner is a major O.J. beneficiary. Thanks to the trial, the viewership at CNN surged--prompting an estimated $45 million windfall in ad revenues--just at the moment his company was angling to be sold to Time Warner, the parent of this magazine. The dealmakers were smart enough to realize that O.J. wasn't forever, but healthy revenues certainly added to Turner's allure. Already, Ted Turner has sent a $50 million finder's fee to Mike Milken, and the numbers suggest that Simpson deserves the same...
MICHAEL MILKEN A $50 million payday for kibitzing in Time Warner-Turner deal...
Malone a treacherous negotiator? Don't be silly, he says. Equally ridiculous, he adds, is the idea that he plans to make trouble for Levin down the road--even, as some lurid scenarists would have it, helping Ted Turner move against Levin to wrest control of the company. "I know Ted very well," Malone says. "His life-style is such that he doesn't want to be in there running anything. Jerry is king. We're giving him the power to be a really strong CEO." Because Malone controls a huge cable system, FCC rules bar him from controlling more...
...There are whole cadres of conspiracy theorists who latch onto this notion of Malone and Turner overthrowing Levin," says Jeffrey Sonnenfeld, a professor at Emory Business School. "I don't see it. With support from Turner and Malone, Levin has a lot of new strength." Still, Malone and Levin must co-exist--and that may not be easy. Where Levin's style is subtle and elliptical, Malone's is famously brusque and blunt. Where Levin is slight and professorial, Malone has the square-jawed mien of the off-duty general--and the tactics to match. An executive who knows...
...Like Turner, Malone loves boats--and he has a seaman's loyalty for Turner. "Malone didn't stand in the way of this because Turner wanted to do it," says Barry Diller. "John has made a lot of money with Ted." Malone will behave as long as Turner stays happy. If either of them stops smiling, so does Levin...