Word: warners
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Dates: during 1990-1999
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SCARLETT by Alexandra Ripley (Warner Books; $24.95). This gilding-the- cornflowe r sequel to Margaret Mitchell's Gone With the Wind is at last in the bookstores, amid megabucks of hype. And frankly, my dear, it's not worth a damn...
...secretaries to get them together for lunch. Linda, 38, the daughter of Freeman Gosden, who played Amos on the Amos and Andy show, was a deputy press secretary in Ronald Reagan's first presidential campaign. A quick study, she had risen to senior vice president for corporate affairs at Warner Amex Cable, a joint venture of Warner Communications and American Express, by the time she married Robinson in 1984. Two years later she launched Robinson Lake, which has since been acquired by the giant advertising firm Bozell, Jacobs, Kenyon & Eckhardt...
Meanwhile, a surprising number of companies are developing programs to run on the current machines. Among them are reference-book publishers like Britannica and Grolier, magazine publishers like Time Warner and National Geographic, film companies like Lucasfilm and Disney, electronics manufacturers like Sony, Fujitsu and NEC, as well as a long list of software publishers...
...Time Warner's long courtship with potential foreign partners may finally be leading to an alliance. Last week two Japanese giants, electronics maker Toshiba and the trading concern C. Itoh, confirmed that they are negotiating to make an investment in the U.S. entertainment and communications company. In the deal currently being discussed, the Japanese corporations would invest $500 million each for a 12% share of a new Time Warner subsidiary that would bring together the company's movie, cable and TV-programming businesses...
...Time Warner entity would assume as much as $7 billion of the $8.7 billion that remains of the bank debt the corporation took on when Time Inc. and Warner Communications merged in 1990. The potential partners see other benefits as well. Toshiba could provide cable-TV hardware to Time Warner, while C. Itoh could gain distribution rights for the U.S. company's entertainment products in Japan and other countries. Negotiators said the deal could take weeks to complete. But expectations about an imminent alliance were fanned by the arrival in Japan last week of Time Warner chairman Steve Ross...