Word: warners
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Dates: during 1990-1999
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...movies and prickly attitude make Hollywood squirm, but the town recognizes his value. "Spike put this trend in vogue," says Mark Canton, executive vice president at Warner Bros. "His talent opened the door for others." Van Peebles testifies, "If it weren't for Spike, I wouldn't be here." Lee is happy to have the brotherhood's company: "There are some people out there who were just meant to make films. That's the sense...
When Time Warner last week put forth a novel financing plan designed to reduce its debt load, Wall Street responded with boos. But an even more widespread reaction was a baffled "Huh?" In an arrangement called a rights offering, the entertainment and information firm, the parent company of TIME, said it hoped to raise as much as $3.5 billion by selling current stockholders the rights to buy 34.5 million new shares. The price will depend on how many accept the offer...
...Time Warner's objective is to pare away some of the $11 billion in debt -- $3 billion of which must be paid off or refinanced in 1993 -- that was incurred in the merger 18 months ago of Time Inc. and Warner Communications. Since then the company's top executives have been trying to form alliances with other major companies, both for strategic reasons and to gain a cash infusion. But the highly visible debt has evidently created an appearance of vulnerability that has inspired potential partners to demand terms Time Warner officials consider unacceptable...
...hero of Stone's film, scheduled for release in December by Warner Bros., is former New Orleans district attorney Jim Garrison, a wide-eyed conspiracy buff who in 1969 put New Orleans businessman Clay Shaw on trial for complicity in Kennedy's murder. (The case ended in a quick acquittal.) Stone's script, a version of which was obtained by TIME, is based largely on Garrison's 1988 book, On the Trail of the Assassins. Garrison is considered somewhere near the far-out fringe of conspiracy theorists, but Stone appears to have bought his version virtually wholesale. One need look...
...newspaper chain, owner of the Orange County Register. TCI Cable and the local Fox station are teaming up to create a 24-hour news channel for Chicago, set to debut this summer. A similar operation for the Washington area will be launched in September by Albritton Communications, and Time Warner has announced plans to start a 24-hour news channel for New York City in early...