Word: chunk
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Indeed, CBS is the last of the three major networks where management has held out against intruders intent on gobbling up a bigger chunk of the communications business. In January, third-place ABC (1985 revenues: $3.3 billion) was swallowed by a company less than one-third its size, Capital Cities Communications, for $3.5 billion. The chairman of the merged company, Thomas Murphy, has since trimmed 615 of 14,900 jobs. In June, General Electric absorbed front-running NBC (1985 advertising revenues: $2.7 billion) by purchasing the network's parent, RCA, for $6.3 billion. GE Executive Robert Wright will take over...
...dwindling share of the $10 billion-ayear personal-computer market. Only 14 months ago, IBM commanded 40% of sales, largely on the strength of the $1,995 PC, which had become an industry standard. Since then, however, a slew of small, feisty computer makers have stolen away a hefty chunk of IBM's business by building personal computers that run software written for IBM PCs but sell for a fraction of the cost. The sellers of these so-called IBM-compatibles, companies such as Leading Edge, Epson and Kaypro, have snared an impressive 36.4% of the personal-computer market, while...
...budget office, anticipating a 4 percent inflation rate, raised faculty salaries for both tenured and junior professors by 6.3 percent, said Corvey. Personnel paychecks comprise the biggest chunk of next year's budget, amounting to a total of $67.1 million...
...athletic department, library system,equipment, travel, and other miscellaneous costswill eat away another $43.7 million chunk of nextyear's budget...
...accounts. The committee decided to wipe out much of the IRA benefit because the accounts are expected to cost the Government some $13 billion this year, and it has never been proved that they prompt consumers to save more. But banks and mutual funds, which together hold a large chunk of the $250 billion in IRA accounts, want to shoot down this part of the proposal. Merrill Lynch plans a mass mailing to its 1.4 million account holders, which will exhort them to write to their Senators and complain about the loss of future IRA credits...