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...ABC News and Sports President Roone Arledge's terse farewell was written with a dry eye, but the cameramen will miss Cosell. "One-Take Howard," they called him. He had hoped to become Walter Cronkite or at least Hugh (Downs for a hilarious few weeks in 1975, even Ed Sullivan), but that was so long ago. He will continue on the radio, and he will not be alone. For 41 years, his wife Emmy has stood by him with a devotion that might awe Mother Teresa. Besides that, he has all the love on the street. --By Tom Callahan
...company's insistence that they return to work under conditions set separately by Massey's 17 subsidiaries, rather than under a single set of terms. Although the war between the firm and the U.M.W. has ended, new skirmishes could soon break out in court. BROADCASTING Changing Casts at ABC...
Executives of both companies expressed great delight last year when Capital Cities Communications (est. 1985 sales: $1 billion) agreed to buy the four-times-as-large American Broadcasting Cos. for $3.5 billion. Still, few experts were surprised last week when Fred Pierce, 52, resigned as ABC president only days after the merger officially took effect...
...year ABC veteran, Pierce became president in 1983. Though he ran the network during the 1970s when it climbed to first place in the prime-time ratings race, Pierce also presided over ABC's recent slump to third place. In an effort to reverse that slide, Pierce last November appointed Brandon Stoddard, who headed the company's motion-picture operations, president of ABC Entertainment. He is expected to keep that post...
Capital Cities moved quickly to replace Pierce with one of its own. It named John Sias, an executive vice president who has been running the Capital Cities publishing division, president of ABC. Pierce will leave ABC a wealthy man. He held stock worth $4 million at the time of the merger, and will receive $2 million still owed him under a contract that runs through 1989. CORPORATE NAMES From the Plow to the Stars...