Ever since the go-go '80s gave way to the gone-gone '90s, a certain swath of the press has been itching for a revival of glamorous corporate takeovers. There's no business as sexy as show business, and this summer the wishful murmurs in New York City and Los Angeles have proliferated, become louder, zanier: Bill Gates is buying Whittle Communications, Disney is buying Whittle, Paramount is buying Viacom and its MTV Networks, Ted Turner is buying a movie studio . . . And, of course, Bill Cosby is buying NBC.
! There tends to be an inverse relationship between the amount of...
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