Word: warner
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Dates: during 2000-2009
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...waterworks from what was 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...
DIED. DANIEL CASE III, 44, who, as head of the high-tech banking firm Hambrecht & Quist, and later chairman of J.P. Morgan HQ, helped fuel the Internet explosion of the '90s; of brain cancer; in San Francisco. Case, brother of AOL Time Warner chairman Steve Case, financed such Silicon Valley pioneers as Apple Computer, Adobe Software and Netscape Communications...
...Vivendi fell as much as 40 percent on the Paris Stock Exchange that day as Le Monde questioned the company's accounting practices and Moody's cut Vivendi's credit rating to junk bond status. In New York, other big media stocks tumbled as well, including AOL Time Warner (corporate overlord of this writer) on renewed fears that the accounting for such large, multidimensional companies had become too hard to follow. By Friday the stocks had made an uneasy recovery - the prices of AOL and Vivendi returned to the levels they had been at before the Messier announcement...
...Level 4 operators, made up of everyone from real estate companies to apartment-house owners. "The oddest part of it all is that the cable operators themselves don't get the lion's share of the money. The Level 4 operators do," says Michael Lynton, head of AOL Time Warner's international ventures. "Ultimately the economics of the business have to change for cable operators to be interested in further investment...
...sporadically around the country, haven't drawn complaints. And viewers have grown used to captions on TVs at gyms and airports, advocates say, which may make the studios' case less persuasive to a jury. Several of the defendants, including 20th Century Fox and TIME's parent company, AOL Time Warner, declined to comment...