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...started out as a routine encounter between two broadcast bigwigs. On Tuesday afternoon, May 10, Rupert Murdoch welcomed a visitor to his office on the 20th Century Fox lot in Los Angeles: William Bevins, chief executive of Ronald Perelman's New World Communications Group. Murdoch and Bevins talked about each other's company, and the conversation inevitably got around to football. Eight local CBS affiliates owned by New World were about to lose their Sunday-afternoon N.F.L. games thanks to Murdoch, who last December paid $1.58 billion to take them away from CBS and bring them to the Fox network...

Author: /time Magazine | Title: Murdoch's Biggest Score | 6/6/1994 | See Source »

...executives were doing their best last week to minimize the shock of the Murdoch heist. At a Thursday press conference, CBS Broadcast Group president Howard Stringer pointed out that the affiliation switches affect only 8% of the network's audience and predicted that the ratings loss would amount to no more than two-tenths of a Nielsen point. (CBS was No. 1 in the Nielsens for the 1993-94 season with a 14.0 rating, 1.6 points higher than No. 2 ABC and 6.8 points better than...

Author: /time Magazine | Title: Murdoch's Biggest Score | 6/6/1994 | See Source »

While cooperation was building mutual confidence in Jericho, P.L.O. Chairman Yasser Arafat stirred up a furor in Israel when remarks he had made at a Johannesburg mosque on May 10 were broadcast. Arafat called for a "jihad to liberate Jerusalem." Israeli Prime Minister Yitzhak Rabin deemed the comment a violation of the Chairman's pledge to forgo violence and threatened to stop the peace process. Arafat explained that he had used "jihad" in its general sense to mean "struggle," in this case a peaceful one, rather than "holy war," as Westerners and Israelis usually interpret the word. The Israelis reluctantly...

Author: /time Magazine | Title: Changing the Guard | 5/30/1994 | See Source »

...huge potential moneymaker no matter how much crying you hear about selfish players who demand salaries greater than the GNP of small nations. For companies in the entertainment business, the idea is to end up with at least one pro franchise, plus the cable network to broadcast the games, the stadium with skyboxes and concessions, the movie rights and the foreign rights, and a shopping channel to sell the fan memorabilia. They can put Pete Rose on there eight hours a day signing baseballs while they show film clips of his greatest hits, with a special ceremony when he breaks...

Author: /time Magazine | Title: On the Money: Rooting for the Federal Expresses | 5/30/1994 | See Source »

...more ready than the TV networks to handle the freight of the information superhighway. Today's personal computers are too low-powered -- and the modems that connect them to the phone lines too slow -- to transmit and process video signals in real time, as they are broadcast. Even if everybody were to replace their PCs with the new, more powerful models coming into the market, someone would still have to build an electronic highway fast and wide enough to carry the traffic...

Author: /time Magazine | Title: Play...Fast Forward...Rewind...Pause U.S. Firms Want to Wire America for Two-Way Tv, But Their Systems Are Not Yet Ready for Prime Time | 5/23/1994 | See Source »

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