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Shot last week, the commercial will net the President's son an undisclosed fee. It is only one of several high-profile plums on his plate, including a contributing editor's title at Playboy and a correspondent's contract with ABC's Good Morning, America. The Reagans are pleased with the First Son, but they may not be so happy about the current issue of Vanity Fair magazine, in which Ron cavorts in--you guessed it--hot red bikini briefs...
...away on the keyboard of a notebook-size Hewlett-Packard, stopping only when a sharp turn sends the little computer sliding off his knees. At home in bed, he parks the portable computer on his ample lap and reviews financial statistics, occasionally looking up to watch Ted Koppel on ABC's Nightline...
Capobianco is not talking about ABC, CBS and NBC. The networks changing his life--and the lives of millions of Americans--are the ones connecting the nation's 30 million computers in a vast maze of interlocking grids. America's infatuation with the electronic computer, a machine born and nurtured on these shores, is blossoming into a network love affair. Says Louise Herndon Wells, an analyst with the California research firm Dataquest: "We have more desktops wired together with information devices than any other country in the world...
Despite the SEC's stepped-up enforcement, many Wall Streeters believe that the investment world is still rife with insider trading. They note that in scores of mergers, including General Electric-RCA, Capital Cities-ABC and Philip Morris-General Foods, a run-up in the price of the target company's shares proves that many investors bought stock based on advance knowledge of the deal...
Goizueta's second major Hollywood raid came last August with the $485 million buy-out of Embassy Communications and Tandem Productions. Embassy currently has five shows on the air, including Diff'rent Strokes, Silver Spoons and ABC television's surprise hit, Who's the Boss? More important, Embassy, which was formerly owned by Producers Norman Lear and Jerrold Perenchio, holds syndication rights to such shows as Maude, Sanford & Son, One Day at a Time and The Jeffersons. Mike Mellon, a vice president of research for Walt Disney Productions, estimates the value of Embassy's rights at $500 million...