Word: less
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Dates: during 2000-2000
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...York Times reported that Walter Mondale "now holds the most commanding lead ever recorded this early in a Presidential nomination campaign by a nonincumbent." His nearly 3-1 triumph in Iowa had given him a 57-8 lead in national polls over nearest rival Jesse Jackson. And less than 24 hours later, Gary Hart beat him by 10 points in New Hampshire and turned the contest upside down...
...first task will probably be the hardest. In many ways, the pre-deal Time Warner was less an operating company than it was a stock price, the financial expression of a series of disconnected assets. Unlike other media megaliths like Disney or News Corp., where a nearly totemic central figure--Michael Eisner and Rupert Murdoch, respectively--conceives the strategy and orders it into place, Time Warner under Levin has been an extremely successful dysfunctional family. Six powerful executives, ranging from Roger Ames of the music group to Terry McGuirk of the Turner networks, run six huge businesses, and their rivalry...
Within a year expect major initiatives in broadband, where AOL visionaries see their eventual future, and in recorded music, an area that has been less gold mine than minefield for Time Warner in the past few years. "We can change the way people interact with music, change the distribution medium," says Jonathan Sacks, the senior vice president who supervises the main AOL service. Contemplate a music company that no longer has to bother manufacturing or shipping CDs, or sharing revenue with retailers--one that distributes its music directly from its hard drive to yours...
...cash incinerator to cash machine. The movie channel became a dominant force in the entertainment business, leading a young Paramount executive named Barry Diller to moan in 1983 that "if HBO and Time Inc. go unchecked, the motion-picture industry will be under total control of one company in less than five years." But even more important, it showed that consumers were willing to pay to subscribe for something that had always been given away free. Around the nation, small cable operators raced to copy Levin's idea. In Atlanta, Ted Turner read about Levin's exploits and borrowed...
Even industry leader Vogue no longer focuses exclusively on the cloistered world of high fashion. Last December it co-sponsored the VH1 Fashion Awards, and a cover line on February's issue promises "The Look for Less." "We certainly must be aware that movie stars and musicians affect fashion," says Wintour. "A lot of women today are influenced by what Lil' Kim may be wearing, or even Britney Spears...