Word: cbs
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Dates: during 1990-1999
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...operations of Sony Corp. and protege of company founder Akio Morita, Schulhof set out to build an entertainment empire that would create movies, records and other "software" for Sony's hardware: TV sets, vcrs and gadgets of the future. He started slowly at first by acquiring CBS Records for $2 billion in 1987. The real spree began in 1989 when Schulhof paid $3.4 billion for perennial also-ran Columbia and its sister TriStar studios. He immediately spent some $800 million more to recruit Batman producers Jon Peters and Peter Guber, who had never headed a major film company...
Armed with his broad mandate from Morita, Schulhof scooped up CBS Records and Columbia. "CBS asked, 'Are you authorized to sign this?' when we were ready to close the deal," Schulhof remembers. "It never occurred to to me that I needed authorization. Mr. Morita...
...after five years on the air, Channel One News has filled an important niche. The program now reaches 8 million students, or 40% of all teenagers in the country. That is roughly five times the number of teens who watch newscasts on ABC, CBS, NBC and CNN combined. And though the mix of MTV-style graphics, rock music and on-air pop quizzes is more sprightly than anything Peter Jennings or Tom Brokaw delivers, the newscast is hardly dumbed down...
...novella, The Christmas Box, an inspirational Christmas story he originally published himself, is sitting at or near the top of the nation's best-seller lists, with more than 2 million copies in print. A TV-movie version starring Maureen O'Hara and Richard Thomas will air Sunday on CBS. And a prequel will arrive in bookstores in time for Easter and Mother...
Justice Department lawyers today deposed Jeffrey Wigand, the former tobacco company executive who told CBS' "60 Minutes" that his former employer, Brown & Williamson Tobacco, lied about the dangers of smoking. Fearing a lawsuit, CBS didn't air the interview. But Wigand, who has himself been sued by Brown and Williamson, is speaking with state and federal attorneys general about the company's decision to market products that it allegedly knew were carcinogenic. Neither Justice nor Wigand would comment about the talks today, but his testimony could devastate Brown and Williamson, which faces two Justice criminal investigations into whether its executives...