Search Results for: crown the empire

When Hartmut Ostrowski was an up-and-comer in Bertelsmann’s printing and services division in the 1990s, his bosses were discouraged from speaking at meetings of the top executives. In the glamorous world of Bertelsmann, a global media empire with music, television, and publishing properties – Germany’s answer to Time Warner – services were viewed as strictly a backstage function. Now, with Mr. Ostrowski at the helm of Bertelsmann, the stagehands are striding into the spotlight. Two weeks ago, he named Markus Dohle, a 39-year-old German who runs the company’s printing operations, as chief executive of Random House, the world’s largest consumer… Read more »

Fourth-quarter losses skyrocketed at AOL Time Warner Inc. after a staggering $45.5 billion charge to account for the struggling media conglomerate’s plunging value. The company also announced Wednesday that former cable TV mogul Ted Turner is stepping down as vice chairman. In the three months ending Dec. 31, AOL lost $44.9 billion, or $10.04 per share, compared with a loss of $1.8 billion, or 41 cents per share, in the fourth quarter of 2001. Revenue rose 8 percent to $11.4 billion, and AOL said its results without the one-time accounting markdown would actually have beaten Wall Street estimates – at… Read more »

“What’s beef?” the Notorious B.I.G. asked on his song of the same title. “Beef is when your moms ain’t safe up in the streets.” There’s no need for rappers’ mothers to put on the Kevlar just yet, but their MC sons are spewing a lot of venom at each other these days. Jadakiss has been beefing with Beanie Sigel. Sigel has made it clear he’s not feeling DMX. DMX may have it in for Jay-Z; Nas definitely does. Nas is also going at it with Sigel, Cormega, Freeway and Memphis Bleek. Jadakiss swears it’s mostly hype. “The industry ain’t like… Read more »