Word: broadcast
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...regulation that bans a network from owning cable-TV systems, a large part of Capital Cities' business. Joseph Fuchs, a Kidder Peabody vice president and one of Wall Street's top media analysts, thinks that the FCC now sees itself as "neither a sword nor a shield" in the broadcast industry. To speed up Government approval of the merger, Murphy and Goldenson paid visits to the FCC's five commissioners last week. Both men emerged smiling. Said Murphy: "We'll have to do whatever is appropriate to satisfy...
Awareness of this new competition, say Wall Street analysts, helped drive down the prices of the networks' stocks until by last year, they were selling for 40% to 50% below what many experts thought was their true worth. Suddenly the broadcast companies started to look like bargains again, and the feeling spread that any mover and shaker with enough money and backing could stage an unfriendly takeover...
...network under its new owner will probably be trimmer and tougher. It will be watched by everyone in the industry, just as it was during its dazzling 1970s rise. ABC may still have a thing or two to teach its broadcast brothers...
...wounding four black teenagers who approached him on a Manhattan subway last Dec. 22. He appeared on local television news shows, wrote a bylined article for the New York Post, and ate take-out Chinese food with Barbara Walters in his 14th Street apartment for ABC's 20/20. ABC broadcast segments of a tape made by New Hampshire police on which Goetz is heard saying, "I knew in my heart I was a murderer...
...media company that is buying ABC is remarkable for its low profile. Unlike the three networks, whose highrise towers constitute a kind of Broadcast Row along midtown Manhattan's Sixth Avenue, Capital Cities Communications occupies a small building a few blocks away. Its corporate headquarters is home base < for only 33 employees, from the mail clerk to Chairman Thomas Murphy. In an industry where pizazz often seems as important as performance, Capital Cities does not even have a public relations department, let alone an organizational chart. Says Murphy: "I've never believed in a lot of reports and memos...