Word: write-off
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...meeting with Kann, and both Microsoft's Bill Gates and Buffett have privately expressed interest in the company, believing the Journal and Dow Jones brands are all underleveraged assets. Jettisoning one weak division may not be a panacea. The company will probably take an estimated $800 million write-off. And strategically it will become weaker in electronic distribution, a critical channel in the media industry's future...
...Black, which has grossed $243 million in the U.S. alone. Funny thing is, these hits were put together by guys who got fired a year ago, after the studio suffered through more than five money-losing years that bottomed out with Sony Corp. taking a $3.2 billion write-off--essentially admitting its investment had been worthless. Despite having ably handled the flock of pictures he inherited, Calley has yet to shepherd a film of his own devising from script to screen...
...Talk about a tax write-off: Media mogul Ted Turner gives the U.N. $1 billion, and urges other billionaires to follow suit (TIME Daily...
...Roderick Bell, an Ohio state dropout turned businessman, bought two trucks as a tax write-off. Today Bell's firm, Texas American Express, shelters mainly profit. Sales are heading toward $12 million, and 80 freight trucks--whose colors range from salmon to emerald green to pink because employees can pick the shades they please--ply the roads from its modest base in Dallas to the Northeast and the West Coast. Bell is a success--and he has to work harder than ever to stay that...
Maybe yes, maybe no. But before either the studio or the audience takes a write-off on this one, we should recall that those two stars, Harrison Ford and Brad Pitt, are known for their ability to open a picture. More important, we should take into account the fact that this is really quite a good movie--a character-driven (as opposed to whammy-driven) suspense drama--dark, fatalistic and, within its melodramatically stretched terms, emotionally plausible...