Word: ceos
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Blockbuster's troubles were destroying the synergistic dreams of its parent, media giant Viacom (1997 sales: $13.2 billion), owner of Paramount Pictures, Nickelodeon and MTV. Viacom CEO Sumner Redstone bought Blockbuster in 1994 from billionaire Wayne Huizenga for $8 billion, figuring that the retail stores would be a natural outlet for Viacom's films and music. But by mid-1997, with Viacom's stock stuck to the floor, Redstone had to implement drastic measures, including a $323 million charge at Blockbuster. The charge reflected an unsuccessful attempt to expand Blockbuster's sales by emphasizing music, candy and comics and moving...
...listener of the singer's name, the record label and where the album can be bought. Though the label does not pay for airplay, the commercials (which run only when the song is played) are an obvious incentive for the station to play the records more often. Capitol Nashville CEO Pat Quigley says he's so pleased with the results that he intends to expand his campaign to 100 markets...
Steve Jobs Apple CEO Sept. 19, 1985 So far, so good Sept...
...goal of his. Weinstein was already a friend and fan of Brown's, and when he read last month that her contract with the New Yorker was due to expire on July 1, he approached her with an offer. More than a year ago, according to Disney chairman and CEO Michael Eisner, he and Brown--they too are good friends--had begun having general discussions about her joining the company in some capacity. The Miramax deal, Eisner explains, "is the culmination of two separate conversations...
...brought in; furthermore, it was announced that the magazine's traditional independence was being curtailed and that it would be formally brought under Conde Nast's control, a move Brown opposed and one that meant she would have to deal directly with the company's bombastic president and CEO, Steve Florio...