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...music group to Terry McGuirk of the Turner networks, run six huge businesses, and their rivalry with external competitors often consumes less energy than their alpha-male, intramural head butting. When the cable division wanted to brand its high-speed cable-modem business Road Runner, the Warner Bros. marketers--with straight faces--tried to extract a billion-dollar licensing fee from their corporate brethren for use of the cartoon bird. If any one thing has made Levin a success, it is his long-range strategic vision. But his willingness to let his managers run their businesses as they...
Winning over Wall Street will require a prolonged process of--pick your noun--either education or spin. Music-business executive Danny Goldberg, a former head of Warner Bros. records, says the merger both "validates the Internet and validates the value of content." But it also forces the invention of a new currency to reflect it; as the AOL and TWX stock prices yo-yoed up and down last week, it was clear that investors had no idea how to put a price tag on something that was neither an Internet highflyer nor an old-economy cash-flow locomotive. AOL lost...
...Warner Bros...
...Warner Bros...
Indeed, supermarkets are fighting back with their own Net groceries that emphasize name-brand trustworthiness. Take Maine-based Hannaford Bros., which owns Shop 'n' Save stores across the Eastern U.S. Hannaford set up HomeRuns.com which has upped the ante by offering a double-your-money satisfaction guarantee. It's already doing brisk business in the Boston area. That's no mean feat. Boston is a nasty little incubator of Web grocers and boasts four firms in cutthroat competition; one company, Streamline, will pay to install a fridge in your garage, allowing the Web store to make unattended deliveries...