The Congratulations Arrived Thursday afternoon, minutes, after the stunning news that Barney s, the snooty New York high-fashion chain, is in financial distress. "You're not dressing as nicely, but it looks like your boycott finally paid off," said a friend.
Black entrepreneurs are battling for ownership of the lucrative assets they produce for the music business. But will their continued reliance on big record companies -- and persistent violence in parts of the rap world -- stall the dream for some of them Andre Harrell, one of black music's moguls, is a "big Willy," hip-hop lingo for a big-time player in showbiz.
No one imagined it would be easy conceiving the globe's biggest media company. But no one realized how tough it was until last Friday. On a rain-drenched day in New York, Time Warner CEO Gerald Levin and Turner chairman Ted Turner announced the latest birth in this fertile season of megamedia deals.
MICHAEL MEYERRupert Murdoch is nothing if not a gambler. He flies against conventional wisdom, and his daring usually pays off. A decade ago Hollywood scoffed when the Australian-born publishing magnate bought a string of television stations and called them a network.
Long ago, there was the sovereign state of ITT. International Telephone and Telegraph, as the company was formally known, bestrode the globe. It was the very embodiment of the ruthless '60s multinational corporation, a powerful conglomerate that controlled more than 250 companies spanning almost every business and industry.