Word: turneritis
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TAKEOVERS CBS to Turner...
...summer has not been kind to Ted Turner. His Atlanta Braves are buried in fifth place in the National League West, and now the cable-TV king's chances of gaining control of CBS appear to be as slim as his World Series hopes. Last week CBS succeeded in buying back 21% of its own stock for about $1 billion in a deal that will make it virtually impossible for Turner's takeover effort to succeed. Both the Federal Communications Commission and a U.S. district court in Atlanta blocked Turner's last-minute legal challenges to the network's move...
...bodies into the (increasingly expensive) seats on Broadway is to put big stars in old warhorses. And so this spring we've had Denzel Washington in Julius Caesar, Jessica Lange in The Glass Menagerie, Kathleen Turner in Who's Afraid of Virginia Woolf and James Earl Jones in On Golden Pond. But here's a refreshing surprise: this season's revivals have been outshone by an unusually rich supply of new plays and musicals...
...offer that would be affected by such a law is the no-cash bid by the Turner Broadcasting System for CBS. In fact, the legislation has already been dubbed the TBS-CBS bill. Although Ted Turner admits that a CBS plan to buy back a large share of its stock has already hurt his chances, both companies are aggressively lobbying Governor Mario Cuomo, who has until mid-August to decide whether to sign or veto the legislation. MARKETS Quite Early One Morning...
...rules, though, for movie-makers; they have a duty to entertain and, especially when they are projecting the future, offer cautionary instruction to the audience. How effortlessly this sequence does both. For Thunderdome is both hall of justice and cultural center for Bartertown, presided over by Aunty Entity (Tina Turner), purring like a tiger and claiming she has created civilization's highest flowering since nuclear devastation. Indeed she has, if an imitation of late 20th century city life--all junk, improvisations and random brutality--is your idea of civilization. Thunderdome brilliantly clarifies that irony. Its high-bounding excesses of action...