Word: write-offs
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The specter of a sell-off of the division or some broader restructuring has moved Dow Jones stock to its highest price since 1987; last Friday it closed at $54. Several Dow Jones insiders noted Rupert Murdoch's recent visit to Dow Jones headquarters for a meeting with Kann, and...
Sony Pictures has become a cornucopia of hits: Jerry Maguire, Anaconda, My Best Friend's Wedding, Air Force One (another split with Disney) and the summer's box-office champ, Men in Black, which has grossed $243 million in the U.S. alone. Funny thing is, these hits were put together...
Talk about a tax write-off: Media mogul Ted Turner gives the U.N. $1 billion, and urges other billionaires to follow suit (TIME Daily)
In 1980, Roderick Bell, an Ohio state dropout turned businessman, bought two trucks as a tax write-off. Today Bell's firm, Texas American Express, shelters mainly profit. Sales are heading toward $12 million, and 80 freight trucks--whose colors range from salmon to emerald green to pink because employees...
Maybe yes, maybe no. But before either the studio or the audience takes a write-off on this one, we should recall that those two stars, Harrison Ford and Brad Pitt, are known for their ability to open a picture. More important, we should take into account the fact that...