Word: ua
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...UA: The Sequel...
...Turner's premonition came close to happening: his acquisition of MGM/ UA for $1.4 billion buried him so deeply in debt that he had to be bailed out by a consortium of cable operators (including Time Warner, which owns TIME) that invested $562.5 million in the company in exchange for minority ownership. Turner remained chairman, but he was forced to give cable operators seven seats on the 15-member board and veto power over any decision that would cost the company more than $2 million. It was a major setback for a man who lived by his father's homespun...
...Sony is only one of the foreign investors rushing to claim a stake in Hollywood. In the past year, Britain's Television South bought MTM Enterprises, Australia's Qintex Group reached an agreement to take over MGM/ UA, and Italian financier Giancarlo Parretti acquired control of Hollywood's struggling Cannon Group, an action-picture mill...
Other women have problems relating to their female bosses. Even though MGM/ UA's McCarthy has high praise for her female colleagues, she admits that in the past she has "felt sabotaged" by executive secretaries. "It was jealousy of my position from someone on a lower level," she says. Corporate Lawyer Deborah Dugan, 29, recalls that when she joined a Los Angeles law firm, her assigned female secretary "refused to work for me. She said she would have trouble taking orders from another female...
...UA does not approve the proposed code, then "we may have to delay it for another year," Relihan said...