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Last week Richard Snyder, the CEO of the huge publishing house Simon & Schuster, and his young, third wife Laura Yorke invited a dozen Manhattan media swells to a dinner party. The guest of honor was to be Snyder's new boss, Sumner Redstone. Redstone's company, Viacom, acquired Simon & Schuster when it bought Paramount Communications, which owned the publisher. But the day before the party, Redstone left a message on Snyder's answering machine, backing...

Author: /time Magazine | Title: BOOKS: Live by the Ax, Die by the Ax | 6/27/1994 | See Source »

...largest distributor of sports and entertainment tickets in the U.S. (1993 volume: 52 million tickets). Pearl Jam claims that Ticketmaster has a near monopoly over tickets and charges inflated service fees, which can range from a typical $4 a ticket to $18 for the hottest acts. Fred Rosen, ceo of Ticketmaster, indignantly rejects thecharge, noting that his firm developed a sophisticated computer system to make it easy for performers to sell large numbers of tickets, and has a right to be paid for the service. Says he: "If Pearl Jam wants to play for free, we'll be happy...

Author: /time Magazine | Title: Rock 'N' Roll's Holy War | 6/20/1994 | See Source »

TIME (ISSN 0040-781X) is published weekly except for two issues combined into one at year-end for $61.88 per year by Time Inc. Principal Office: Time & Life Building, Rockefeller Center, New York, N.Y., 10020-1393. Reginald K. Brack Jr., Chairman, CEO; Don Logan, President; Joseph A. Ripp, Treasurer; Harry M. Johnston, Secretary. Second-class postage paid at New York, New York, and at additional mailing offices. 1994 Time Inc. All rights reserved. Reproduction in whole or in part without written permission is prohibited. TIME and the Red Border Design are protected through trademark registration in the United States...

Author: /time Magazine | Title: Magazine Contents Page | 6/20/1994 | See Source »

CHAIRMAN, CEO: Reginald K. Brack...

Author: /time Magazine | Title: Time Magazine Masthead | 6/20/1994 | See Source »

Michael A. Miles, CEO of Philip Morris --the world's largest tobacco company -- resigned after six years on the job, in a move that stock traders say underscores the consumer products giant's commitment to cigarette production. Nonsmoker Miles' plan to separate the embattled tobacco branch from the rest of the company looks unlikely, and company executives are preparing to shore up their image on Wall Street. The stock has been on a long, downward slide over the last decade...

Author: /time Magazine | Title: TOBACCO HEAD BOWS OUT | 6/20/1994 | See Source »

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