Clean act; can an environmentalist hold on to his ideals and still run a utility? Mr. Bryson took Edison helm promising a green firm, but critics just see red; 'a turncoat or chameleon?'

Article Abstract:

John E. Bryson, head of Edison International based in Rosemead, Calif., always purported to be an environmentalist. He even co-founded an environmental public-interest law firm. Now the utility he has run since 1990, with revenue of $9.2 billion in 1997, is investing in coal plants and building new coal-fired plants. Customers and shareholders perhaps don't care about the environment as long as the utility is operating within the law and not losing money. It must be a tough balance when you are only one person, sometimes called "a green executive," in charge of one of the biggest utilities in the country.

Comment:

Some wonder about the true colors of the 'green' John Bryson

Electric Utilities, Electric Power Generation, Transmission and Distribution, Executive changes & profiles, Electric services, Officials and employees, Abstract, Public utilities, Edison International, SCE

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Clear Channel's deal to shrink options

Article Abstract:

The highly concentrated radio broadcasting industry has shrunk even more with the planned acquisition of AMFM by Clear Channel. The $16.58 billion deal would command 800 stations, many dominating Los Angeles and New York, to be the largest radio broadcasting company in the U.S. Advertisers who, in the past have adored radio's low rates and diversified audiences now feel squeezed at the prospect that the new company, plus Infinity Broadcasting possibly control over 80% of the U.S. radio market. When major-market radio stations are owned by one company, they can charge whatever they wish.

Acquisitions & mergers, Radio Broadcasting, Radio broadcasting stations, Radio, Mergers, acquisitions and divestments, Radio broadcasting industry, Clear Channel Communications Inc., CCU, AMFM Radio Networks

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