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...Mikhail Gorbachev posed for photographs with Brazilian President-elect Fernando Collor de Mello in the Kremlin last week, a Brazilian journalist called out the question on everyone's mind. Would Gorbachev confirm the report broadcast around the globe by CNN that he was planning to quit as Communist Party chief? Gorbachev listened to the translation with a puzzled look, then smiled. "Many rumors and suppositions are circulating worldwide," he said, gesticulating with his hands for emphasis. "All this is groundless. It has come into vogue in the international press to set rumor mills working as soon as we approach...

Author: /time Magazine | Title: Soviet Union Two Hats Are Better than One | 2/12/1990 | See Source »

...startling news broke at 2 p.m. EST. From Moscow, CNN bureau chief Steve Hurst reported, in a live phone conversation from the Soviet capital, that Mikhail Gorbachev was "considering his resignation" as chief of the Communist Party. The report, attributed to an unnamed party source, sent the economic and political world into an immediate tizzy. On foreign currency markets the value of the dollar surged; on Wall Street the stock market took a quick plunge. White House officials pleaded ignorance, world leaders were puzzled, and in Moscow (where CNN is seen in many government offices) phones jangled all night...

Author: /time Magazine | Title: Press: The Bombshell from Moscow | 2/12/1990 | See Source »

Gorbachev flatly denied the story next day, and no other news organization got even a shred of confirmation that resignation was imminent. But the furor demonstrated CNN's growing impact as the world's most widely circulated TV news network. It also raised questions about whether, given that global clout, CNN exercised due journalistic caution when dealing with a potential bombshell...

Author: /time Magazine | Title: Press: The Bombshell from Moscow | 2/12/1990 | See Source »

...plane had missed one approach to Kennedy and gone around a second time, according to the FAA's Bergen. CNN reported that the plane ran out of fuel before it crashed...

Author: NO WRITER ATTRIBUTED | Title: Airplane Crashes Near Kennedy Airport | 1/26/1990 | See Source »

...peripatetic TV kingpin has relaxed his day-to-day involvement in TBS and toned down his former "Captain Outrageous" image. Divorced from his second wife, Turner lives in a penthouse atop CNN headquarters in downtown Atlanta. But he spends an increasing portion of his time at his various retreats: two plantations in South Carolina and Florida and a ranch in Montana, where he goes fly-fishing and plans to keep a herd of buffalo. "He's much mellower now," says an associate. "He doesn't yell at people." Turner puts it differently: "I am maturing. That's better than aging...

Author: /time Magazine | Title: Video: The Greening of Ted Turner | 1/22/1990 | See Source »

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