Advertisement
YOU ARE HERE: LAT HomeCollectionsJ Richard Munro
IN THE NEWS

J Richard Munro

FEATURED ARTICLES
BUSINESS
March 15, 1989 | KATHRYN HARRIS, Times Staff Writer
The financial press is fond of saying "no money will change hands" when companies propose a merger by exchanging shares. But in the case of Time Inc. and Warner Communications, a check for the eye-popping sum of $50 million will be issued to Warner Chairman and Chief Executive Steven J. Ross if Warner's stock continues to trade at current levels and the merger is completed.
ARTICLES BY DATE
BUSINESS
May 9, 1990 | PAUL RICHTER, TIMES STAFF WRITER
J. Richard Munro, the former Marine Corps sergeant who led Time Inc. through the 1980s and its merger with Warner Communications Inc., will relinquish the co-chief executive's post in favor of Steven J. Ross and Nicholas J. Nicholas Jr. Munro, who also gives up the co-chairman's job, announced his decision at the first annual meeting of Time Warner Inc., the entertainment and media giant that was formed by last year's $14-billion acquisition of Warner by Time.
Advertisement
BUSINESS
May 9, 1990 | PAUL RICHTER, TIMES STAFF WRITER
J. Richard Munro, the former Marine Corps sergeant who led Time Inc. through the 1980s and its merger with Warner Communications Inc., will relinquish the co-chief executive's post in favor of Steven J. Ross and Nicholas J. Nicholas Jr. Munro, who also gives up the co-chairman's job, announced his decision at the first annual meeting of Time Warner Inc., the entertainment and media giant that was formed by last year's $14-billion acquisition of Warner by Time.
BUSINESS
July 13, 1989 | KATHRYN HARRIS, Times Staff Writer
Paramount Communications Inc., hoping to stop Time Inc. and Warner Communications Inc. short of the altar, made a number of harsh allegations in its written pleadings to a Delaware judge this week, including the suggestion that Time's managers were prepared to adjust the company's price to advance their own careers. Hundreds of pages of documents became available this week in Paramount's challenge to Time's anti-takeover maneuvers.
NEWS
March 5, 1989 | KATHRYN HARRIS and PAUL RICHTER, Times Staff Writers
Time Inc. and Warner Communications Inc. confirmed Saturday that they have agreed to merge, creating a world power in the field of media and entertainment. The merger, in which Time will acquire Warner, was valued at $18 billion. The new company will own the nation's most lucrative recorded music and magazine publishing businesses, the largest television programming operation for both pay-cable and prime-time network television, and cable TV franchises second only to Tele-Communications Inc.
BUSINESS
July 13, 1989 | KATHRYN HARRIS, Times Staff Writer
Paramount Communications Inc., hoping to stop Time Inc. and Warner Communications Inc. short of the altar, made a number of harsh allegations in its written pleadings to a Delaware judge this week, including the suggestion that Time's managers were prepared to adjust the company's price to advance their own careers. Hundreds of pages of documents became available this week in Paramount's challenge to Time's anti-takeover maneuvers.
BUSINESS
March 6, 1989 | KATHRYN HARRIS, Times Staff Writer
It is, in the understatement of one analyst, a "career capper." With the weekend announcement that Time Inc. and Warner Communications will merge, 61-year-old Warner Communications Chairman Steven J. Ross is set to become co-chief executive of the largest media company in the world, alongside Time Chairman J. Richard Munro. While Munro has indicated that he will retire within two years, Ross--under terms spelled out in the merger agreement--enjoys the chairman's title for fully 10 years.
BUSINESS
June 12, 1989 | JAMES FLANIGAN, Times Staff Writer and
Questions remain even after all that has been said and written in recent days about Time Inc., the media giant that grew out of the legacy of Henry R. Luce, creator of the modern magazine. Now a big company that gets more of its $4.5 billion in revenues from cable television than from magazines, Time has been in a whirlwind since Paramount Communications Chairman Martin Davis launched a $175-a-share-bid for its stock Tuesday. The Paramount offer threatened Time's plan to merge with Warner Communications through a deal based on Time's stock price in March of about $110 a share--a merger that would result in 62% of the combined company being owned by Warner shareholders.
BUSINESS
July 22, 1993 | From Times Staff and Wire Reports
Two IBM Directors Quit, Business Week Reports: J. Richard Munro, retired co-chairman of Time Warner Inc., and Stephen D. Bechtel Jr., retired chairman of Bechtel Group Inc., will not attend next week's meeting of IBM's directors, the report said. Bechtel had been a director since 1976 and Munro since 1979. Munro was also a member of the board's executive committee.
BUSINESS
June 12, 1989 | JAMES FLANIGAN, Times Staff Writer and
Questions remain even after all that has been said and written in recent days about Time Inc., the media giant that grew out of the legacy of Henry R. Luce, creator of the modern magazine. Now a big company that gets more of its $4.5 billion in revenues from cable television than from magazines, Time has been in a whirlwind since Paramount Communications Chairman Martin Davis launched a $175-a-share-bid for its stock Tuesday. The Paramount offer threatened Time's plan to merge with Warner Communications through a deal based on Time's stock price in March of about $110 a share--a merger that would result in 62% of the combined company being owned by Warner shareholders.
BUSINESS
March 15, 1989 | KATHRYN HARRIS, Times Staff Writer
The financial press is fond of saying "no money will change hands" when companies propose a merger by exchanging shares. But in the case of Time Inc. and Warner Communications, a check for the eye-popping sum of $50 million will be issued to Warner Chairman and Chief Executive Steven J. Ross if Warner's stock continues to trade at current levels and the merger is completed.
BUSINESS
March 6, 1989 | KATHRYN HARRIS, Times Staff Writer
It is, in the understatement of one analyst, a "career capper." With the weekend announcement that Time Inc. and Warner Communications will merge, 61-year-old Warner Communications Chairman Steven J. Ross is set to become co-chief executive of the largest media company in the world, alongside Time Chairman J. Richard Munro. While Munro has indicated that he will retire within two years, Ross--under terms spelled out in the merger agreement--enjoys the chairman's title for fully 10 years.
NEWS
March 5, 1989 | KATHRYN HARRIS and PAUL RICHTER, Times Staff Writers
Time Inc. and Warner Communications Inc. confirmed Saturday that they have agreed to merge, creating a world power in the field of media and entertainment. The merger, in which Time will acquire Warner, was valued at $18 billion. The new company will own the nation's most lucrative recorded music and magazine publishing businesses, the largest television programming operation for both pay-cable and prime-time network television, and cable TV franchises second only to Tele-Communications Inc.
BUSINESS
November 27, 1985
However, a spokesman for Time Inc. confirmed that the subject was raised when executives of the two media giants conferred privately last week. "Yes, our people did meet with Gannett, and the talks were really about a wide variety of subjects," Time spokesman Louis J. Slovinsky said. He said a merger was one of the subjects, but he described it as a minor part of a larger discussion between J.
BUSINESS
December 2, 1986
The chief executives of Time Inc.'s magazine and book divisions will swap jobs in a move intended to "reinvigorate" both units, Time Chief Executive J. Richard Munro said in New York. Kelso F. Sutton, 47, chief executive of Time's magazine group, will become chief executive of the book publishing unit, and Reginald K. Brack Jr., 49, present head of the books unit, will take Sutton's job.
Los Angeles Times Articles
|