Word: ziffnet
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...fave of DOS dweebs -- was bought for $1.4 billion by Forstmann Little & Co, a New York investment firm run by high profile banker Ted Forstmann. Included in the deal is the giant publishing arm of Ziff Communications, which includes other magazines like MacWeek and Family PC, as well as Ziffnet, an on-line service. It's a move by Forstmann, a shrewd dealmaker, to keep pace with rival Kohlberg Kravis Roberts, which controls New York magazine and other media properties, says TIME associate editor Thomas McCarroll. "They have had this rivalry for a long time," says McCarroll. Expect Forstmann...