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Fresh rumors have the Walt Disney Co. in hot pursuit of NBC, according to news reports that cited anonymous sources. The price tag for the network home of Jay Leno and Tom Brokaw: $5 billion, according to the Wall Street Journal. NBC owner General Electric is reportedly also talking to Time Warner about a deal for 49 percent of the network. A Disney buyout makes more sense to many analysts: Disney doesn't face the same regulatory hurdles as Time Warner since it doesn't own cable systems...

Author: /time Magazine | Title: MICKEY COURTS THE PEACOCK | 9/14/1994 | See Source »

After much rehearsal, he and the master hit the show-biz circuit, breaking in the act at rural fairs and carnivals. Walt steadily improves, and so do his bookings: "We stunned them in Worcester. We wowed them in Springfield. They dropped their drawers in Bridgeport." His self-regard soars as well: "I was Walt the Wonder Boy, the diminutive daredevil who defied the laws of gravity, the one and only ace of the air." He is struck by the fact that his triumphs take wing in the same year, 1927, that Lindbergh flies across the Atlantic: "I didn't know...

Author: /time Magazine | Title: BOOKS: Anti-Gravity | 9/5/1994 | See Source »

Unfortunately, Walt's story is not over. By the time he gets to the part about owning a Chicago nightclub and advising an over-the-hill Dizzy Dean on career options, Auster's flamboyant inventiveness seems to be spinning its wheels. His clever parable about innocence and its loss comes down to a bumpy landing...

Author: /time Magazine | Title: BOOKS: Anti-Gravity | 9/5/1994 | See Source »

...rushes -- supervising Disney's huge, 40-film-a-year slate, including the bijou animation unit -- Katzenberg walked. Joe Roth, the former movie boss of 20th Century Fox who was running the Caravan unit at Disney, assumes Katzenberg's responsibility for the live-action films. Roy Disney, Walt's nephew, and Peter Schneider will be in charge of animation...

Author: /time Magazine | Title: It's a Small World After All | 9/5/1994 | See Source »

That's why the Bells have been going Hollywood. Three weeks ago, the Walt Disney Co., whose chairman, Michael Eisner, had until recently seemed to disdain two-way TV, agreed to team up with Ameritech, BellSouth and Southwestern Bell to develop and distribute movies, games and other programs to home viewers. Not to be outdone, Hollywood dealmeister Michael Ovitz, who heads the powerful Creative Artists Agency, has reportedly been meeting with nynex, Bell Atlantic and Pacific Telesis to discuss the creation of a company of their own that would make and distribute films...

Author: /time Magazine | Title: Lights! Camera! Dial Tone! | 9/5/1994 | See Source »

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