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...people it might affect, although not necessarily adversely, is ABC World News Tonight anchor Peter Jennings. If Koppel departs, Jennings, as one of ABC's last superpower anchors, could have serious leverage when his contract expires this summer. Industry estimates place his salary at about $10 million a year. ABC could not afford to lose both him and Koppel. In his first statement since being cuckolded by his entertainment-division bosses, ABC News president David Westin declared, "We have every hope, expectation and wish that Peter Jennings will be the principal anchor at ABC for years to come...
...news in a lively, interesting and accurate manner. Iger insists that he and Eisner give ABC News their full support. "We cheer them on," says Iger, "on a regular basis. We're constant and avid viewers. We oftentimes suggest things that are attempts to help news grow versus contract: we've urged on many occasions for more programming...so I take exception to any notion that there's a lack of support." The proof may well be in the time slot...
...mainland has followed the industry script: the company has decided to diversify. Among numerous initiatives: manufacture of palmtop PDAs; an expanding chain of more than 500 retail computer stores; a move into Internet services that includes a partnership with AOL Time Warner (TIME's parent company); and contract manufacturing. In the future, Legend expects to generate substantial profits by providing I.T. services to Chinese corporations-up to 30% of the company's total profit by three years' time. Legend, through a joint venture with Xiamen Overseas Chinese Electronic, has even agreed to produce and market a line of mobile phones...
...concerts, and because there are more important things in the world. In fact, the council’s work on Burma was some of its most effective: due in large part to the council’s pressure on Harvard University Dining Services not to sign an exclusive contract with PepsiCo, that company pulled out of Burma in 1996— a major victory in the free Burma movement. I know this pales in comparison to, say, providing concerts on-campus, but some of us reactionaries still believe that the private sector, rather than government, should be responsible for entertainment...
...Work Group. Amid the sweeping music industry consolidations of 1999, the label folded, transferring some artists to Sony’s Epic label and dropping the others. Whereas the demise of the Work Group might once have brought disappointment, it ironically put Lord at ease. A clause in her contract held such a label switch was tantamount to a breach of contract, and thus Lord was able to part from her deal with financial security. A recovering alcoholic with a infant, Lord opted to take a break from the studio and the road—and she could afford...