Extra! Update December 1996

    Goliath vs. Goliath

    When two of the world's most powerful media outlets fight, who do you root for? Are you cheering for Time Warner, the $7 billion-a-year conglomerate, which provides monopoly cable service to 40 percent of the U.S.-and which has used this position to block competitors to CNN, which Time Warner long had a large investment in, and now owns? Or are you a fan of Rupert Murdoch's News Corporation, a company that has specialized in establishing monopoly control of national and international media, taking advantage of this control to promote its owner's right-wing agenda? Those are the contenders in a battle ...