Word: warners
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Dates: during 1990-1999
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WASHINGTON, D.C.: Should American families be taxed to enrich the shareholders of powerful companies like Disney, Time Warner, and TCI? Raising that question in Thursday's New York Times, columnist William Safire reports that Senate Majority Leader Bob Dole told him that the sweeping telecommunications reform bill, already passed by the House and Senate and now in conference to resolve differences, effectively loans telecom giants immensely valuable new digital bandwidths worth an estimated $70 billion. "This is a big, big corporate welfare project," Safire says Dole told him. "Here we're cutting Medicaid and doing all the painful things while...
Sony's big problem, however, is that it risks losing its role as a leading-edge producer of electronic equipment. It has fallen behind Time Warner and Toshiba in the race to set the standard for a successor to the videocassette player called the digital video disc, which offers sharply improved picture quality. And some experts are scathing about Sony's plans to develop its own brand of personal computers with chipmaker Intel. Says Bibb: "The profits are going to hell in the PC market...
...chip, a device that would allow parents to block out violent TV shows. He championed the telecommunications bill that offered major regulatory relief for the industry. What's more, even as he lambastes the entertainment industry, Dole is not reluctant to accept its money. Despite singling out Time Warner in his much publicized attack on rap music last May, Dole did not return a $15,000 PAC contribution from the company. He also invited Time Warner chairman and CEO Gerald Levin to a recent $1,000-a-plate fund raiser at the Beverly Hills Hotel. (Levin did not attend...
...largest U.S. drug companies, Warner-Lambert, pleaded guilty to lying to the Food and Drug Administration about its product-testing methods and agreed to pay a $10 million fine. According to the fda, the company covered up the fact that certain drugs were not chemically stable and lost their potency over time, which in turn meant that patients got lower dosages than they should have...
After just six months on the job, Warner Music Group chief Michael Fuchs was ousted by Time Warner chairman Gerald Levin. Warner Bros. co-chairmen Robert Daly and Terry Semel will take control of the record company. And on the publishing side, both TIME and SPORTS ILLUSTRATED got new managing editors: Walter Isaacson for TIME and Bill Colson for SI. TIME managing editor Jim Gaines will become corporate editor...