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...handful of big deals have been inked. For example, Britain's Financial Times has taken a stake in the Business Standard, an Indian business newspaper, and Henderson Global Investments, a British firm, has invested in HT Media. "It's worked out very well for us," says T.N. Ninan, editor of the Business Standard. His paper now carries a daily page of international business news from the Financial Times and frequently runs opinion pieces from the British paper, which help to set it apart from competitors...

Author: /time Magazine | Title: Fishing for the News | 9/19/2005 | See Source »

...foreigners entering their newspaper market?why shouldn't India? Then there's the claim that without the cap, illicit money could enter the local industry. "Would you want funds that have terrorist linkages to enter the media?" asks M.J. Akbar, one of India's most respected journalists and editor in chief of the Asian Age newspaper. Critics don't think much of that argument. Many feel that the real reason the cap stays at 26% is that India's powerful newspaper barons want it that way. "Entrenched monopoly newspaper houses have been making this allegation as a way to keep...

Author: /time Magazine | Title: Fishing for the News | 9/19/2005 | See Source »

...idea to have homosexuals in the seminary. It would be a lot like having co-ed showers in college." BRIAN SAINT-PAUL, editor of Crisis magazine, a Catholic journal, on word that the Vatican is beginning a survey of U.S. seminaries for "evidence of homosexuality," in an effort to prevent even celibate gays from becoming priests...

Author: /time Magazine | Title: Verbatim | 9/19/2005 | See Source »

This, apparently, is what all the really bad bosses are wearing these days. Filming began last weekend on the movie adaptation of The Devil Wears Prada, a roman à clef penned by a former assistant to Vogue editor in chief Anna Wintour. In the movie, MERYL STREEP plays Miranda Priestly, the temperamental, overweening editor of a fictional fashion glossy called Runway--a character based loosely on Wintour. But the movie's stylists did away with the fashion queen's dark bob and sunglasses, reportedly to make the character sexier, more provocative and not so devilish. Or maybe they thought Wintour...

Author: /time Magazine | Title: First Look: Meryl Tries Out An, Um, Edgier Look | 9/18/2005 | See Source »

...true auteurs apart from studio hacks for hire. He also had the critical misfortune to direct the Oscar-winning Sound of Music, that melting pile of Alpine slush that was for a long time the most popular movie ever released. But Wise, who broke in as a film editor--earning praise for Orson Welles' Citizen Kane and unjustified calumny for recutting The Magnificent Ambersons after Welles abandoned it--mastered over the years every imaginable movie genre and made at least half a dozen pictures that are among the best of their breed, including The Set-Up, a tragic boxing tale...

Author: /time Magazine | Title: Appreciation: Robert Wise | 9/18/2005 | See Source »

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