Word: broadcasted
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Dates: during 1990-1999
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When he died in 1973, former President Lyndon Johnson left behind an assortment of thriving Texas broadcast and real estate properties that in 1985 was valued at more than $100 million. But now the LBJ Co., owned almost entirely by the Johnson family, is being dismantled for far less, a victim of the state's economic bust. KLBJ AM-FM, the highly profitable Austin radio . station once valued at $27 million, is on the block for $13.5 million. Thirty cable-TV systems may bring $50 million...
...broadcast address, the dictator went so far as to promise a new constitution, an elected parliament and legal political parties other than his own Baath -- all hard to believe but indicative of how much pressure he feels...
Well, some of us can. For the three broadcast networks, the repercussions of the gulf war will not be shaken off so easily. Their coverage from the Persian Gulf won big audiences and, for the most part, critical acclaim. But it cost a bundle: nearly $50 million at NBC alone, including the loss of revenues from squeamish advertisers. Losses were reportedly in the same range at CBS, though "significantly less" at ABC, according to network executives. At the same time, the war gave a major boost to CNN, which won hordes of potential new devotees with its round-the-clock...
...gulf war has, moreover, reaffirmed the new competitive order in TV news. Though each of the broadcast networks had its scoops (CBS's McKeown's in Kuwait City), its stars (NBC's Pentagon whiz Fred Francis), its high points and its low moments during the war, ABC emerged as the clear and decisive overall winner. What was once a three-way race may be developing into a long- term mismatch...
...cutbacks. The question is where, after years of budget slashing, these new cuts will come. "They're going to have to go back to the drawing board and look for large, large chunks," says Peter Herford, a former CBS News executive who is now director of the Benton Broadcast Journalism Fellowships at the University of Chicago...