Word: viacom
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...Lansing points out that the ultimate test has not yet been met for women executives in Hollywood. She notes that there are no female Hollywood titans on the level of Disney's Michael Eisner or Viacom's Sumner Redstone. "The women I came up with," says Lansing, "we all got into this business to make movies, not to run corporations. But I think that right now at the Harvard Business School, there's some girl sitting there saying, 'I don't want Sherry Lansing's job. I want to be Sumner Redstone...
...once a simple French water utility, acquiring a hodgepodge of cross-border assets, from phone companies to film studios, that at some point were supposed to connect seamlessly and gush money. But he was late to the Big Media theory. Firms like Disney, AOL Time Warner, News Corp. and Viacom had already spent billions connecting content with distribution. To catch up, Messier became a serial acquirer, buying the Bronfmans' Seagram Co. and its Universal movie studio, theme parks and music group for $34 billion in stock. Last year, in the U.S. alone, he agreed to buy book publisher Houghton Mifflin...
...cable industries rapidly consolidating, there's not much room left for a maverick like Malone. Stripped of the enormous leverage his cable empire once gave him, Malone can no longer dictate the terms at the bargaining table. AOL and Comcast are now the gatekeepers, and content players like Disney, Viacom and News Corp. carry much more weight. Malone has effectively acknowledged the corner he's in, indicating that lucrative Liberty stakes in certain closely held assets like CourtTV, E! and QVC will, within a couple of years, probably be sold to whichever media behemoth will pay top dollar...
Plus, demand was as pent up as Peter Parker's web fluid, thanks to a tangled situation that tied up the movie in legal wrangling among various large (MGM, Sony and Viacom) and small entities (B-movie house the Cannon Group) that each laid claim to tiny parts of Spidey. "Spider-Man was plagued by bad deals, litigation and ownership that obviously wasn't capable of pulling off a movie of this magnitude. Thank God, because if they had done a Spider-Man movie in the mid-'80s, it would have been Cheesy-Man," says Arad...
Certainly nobody predicted the effect the phrase "asbestos liability" has had on the stock prices of Viacom, Halliburton and 3M, which have also taken recent hits. What is more disturbing, however, is that evidence suggests the number of recent claimants who are actually ill is on the decline; in other words, the number of healthy claimants is climbing. "The bulk of these people have no impairment," says Steven Kazan, a lawyer who represents only patients sick with asbestos-related diseases. In 1999, 12% of the Manville Trust's 31,700 claimants were sick with asbestos-related ills. Last year...