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...plunge in online advertising. Fixing AOL was going to be a long-term project--and Pittman was no longer in for the long haul. He told AOL Time Warner CEO Richard Parsons, 54, that he should speed up the search for a full-time replacement at the online unit...

Author: /time Magazine | Title: And Then There Were Two | 7/29/2002 | See Source »

...idea is that parents are responsible for their charges' leisure time and, having read the warning sticker, will decide if a film is appropriate. That notion is naively anachronistic in an age when the family as a unit of cultural consumption hardly exists: Dad watches ESPN, Mom does Lifetime, Little Bro works his Game Boy Advance, and Kid Sis is a Powerpuff Girl. Besides, children can read too. They know that parents strongly cautioned means kids desperately wanted. The whisper of the forbidden is their siren call...

Author: /time Magazine | Title: This Essay Is Rated PG-13 | 7/29/2002 | See Source »

...Morgan Chase helped Enron hide more than $8.5 billion in debt. Canal Plus (Or Minus) In his first move to reduce Vivendi's ?19 billion debt, new CEO Jean-René Fourtou will separate Canal Plus into a new company and sell the rest of its pay-TV unit. INDICATORS A Family Affair Think your family reunions are stressful? John Rigas, founder of Adelphia Communications, was arrested in New York City with his two sons and two other former executives for allegedly committing hundreds of millions of dollars in fraud at the bankrupt cable company. The Doll Takes A Fall...

Author: /time Magazine | Title: Insuring the Insurers | 7/28/2002 | See Source »

...Well, there was a merger, but, you know, they're like two different units. Now, I think the smart thing for them to do would be to just sell us to someone else. As a matter of fact, I think someone has already offered to buy this unit, so in that case, we would be separate from WorldCom, or they could just spin us off as a separate company again. But we're not going anywhere...

Author: /time Magazine | Title: Will MCI Still Answer? | 7/22/2002 | See Source »

...Well, even if WorldCom goes bankrupt, they're still in business. You know, Enron is still in business. K Mart is still in business. So going bankrupt for a business is not a big deal. And besides, we are a unit within WorldCom, so nothing's going to happen with us. We are their cash cow. They're not going to do anything to harm their cash cow, O.K.? So let's get your name as it appears on your telephone bill... --By David Robinson

Author: /time Magazine | Title: Will MCI Still Answer? | 7/22/2002 | See Source »

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