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...RedEye (circ. 85,000), for example, has not turned a profit, but it has attracted 350 new advertisers to the Trib. Plus, since newspaper companies use existing assets like printing plants, journalists and distribution networks, the cost of added operations is incremental, says James Marsh, an analyst at SG Cowen Securities. Most of the free papers are break-even propositions...
Second Heat: *A. L. Lincoln '42, time 3:54; *L. Gores SG. S. D.; *C. C. Glover III 2L; C. W. Oliphant...
...board votes; eight members come from cbs and are regarded as loyal to Karmazin. He also has won fans on Wall Street by boosting earnings at CBS and earlier at Infinity Broadcasting. "If Mel leaves, the shares will take a hit," says stock analyst Peter Mirsky of SG Cowen. So Redstone, with $10 billion tied up in Viacom stock, might not want to shake this tree too hard...
...Just how far the Prime Minister is willing to go to restore the party's image will become evident in the next few weeks. "We are definitely at a major turning point," says Manu Bhaskaran, chief Asian economist at SG Securities. So far, most of the casualties have been relatively small fry: six party functionaries were suspended for practicing "money politics" during recent party elections. But a clear indication of Mahathir's resolve will come when the party's Supreme Council decides whether or not to take disciplinary action against UMNO secretary-general Khalil Yaacob. Although accusations of corruption against...
...plays, he says, in keeping with his broad-ranging multimedia strategy. "With control of these high-quality drama houses, think about his ability to hammer out alliances with young playwrights who can produce good plays that also have film potential," says Stephen Bannon, managing director of the investment bank SG Cowen, who advised Stoll Moss's parent company in the buyout. And Lloyd Webber has the financial heft to produce plays himself in his new properties rather than simply rent the spaces to independent producers...