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TIME: Almanac 1993
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TIME Almanac 1993.iso
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050492
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1992-09-10
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PEOPLE, Page 83The Power of the Purse
By MICHAEL QUINN
Women and Power: You still don't see those two words in
the same sentence very often, unless it's a sentence like
"Women and Power: you still don't see those two words in the
same sentence very often." But if the essence of power is money,
then at least two women made an awful lot of power this month.
Professional personality MADONNA and Time Warner announced the
formation of Maverick, a "multimedia entertainment company" that
will produce films, TV programming, books, videos -- and the
next seven Madonna albums. If all Maverick's projects prosper,
Her Vogueship's new venture could realize $300 million or more.
Meanwhile, the ABC-TV network revealed that its working-class
hero Roseanne would be returning for at least two more years in
a deal whose price tag is said to be in the very ritzy
neighborhood of $100 million. Since star and co-creator ROSEANNE
ARNOLD is a partner in the program, it seems that even as she
slims down, her wallet is fattening up.