February 21, 1992 |
Nicholas J. Nicholas was ousted as president and co-chief executive of Time Warner Inc. on Thursday in an apparent coup organized by the company's ailing chairman, Steven J. Ross, with whom Nicholas shared the CEO title. Nicholas, a 52-year-old veteran of Time Inc., had clashed repeatedly with Warner Communications Inc. founder Ross, 64, who is being treated for prostate cancer and has been homebound since the end of November.
January 6, 1991 |
It's been a year this week since Steven J. Ross presided over the formal close of history's biggest media company merger, but he gets questions about at least one aspect of it every time he asks for a menu. "I'd love to go to a dinner where somebody doesn't ask me what we're going to do about the debt," says Ross, who is chairman and co-chief executive of Time Warner Inc. "Even the waiters ask." The cross-examination continues because the issues, like the $10.
December 31, 1989 |
When Sony bought Columbia Pictures, the shock wave rolled across America--the Japanese had finally made the move into Hollywood. And the bitter legal fight with Warner for producers Guber and Peters sent aftershocks through the film industry for months. A look behind the scenes of this epic deal provides insight into how Sony will do business in Hollywood and what's in store for the '90s.
October 24, 1989 |
Time Warner Inc., reporting its earnings for the first time since Time Inc. acquired control of Warner Communications, said it lost $176 million on revenue of $2.2 billion for the third quarter ended Sept. 30. Time Warner's loss was due in large part to interest expenses incurred as Time bought 100 million Warner shares, as well as the heavy costs of paying for Warner's executive compensation plans and the amortization of goodwill made as part of the acquisition.