Word: falcon
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After a year in which CBS was racked by family traumas worthy of Falcon Crest, the new president is moving cautiously. "I'm really going for continuity," says Stringer. "What the news division needs is less management, not more." He is expected, however, to be a strong advocate for more prime-time documentaries. Since September CBS has aired two prime-time news specials (on crack and AIDS), and Stringer promises others. "There is an appetite for them in the news division and the corporation...
...Force loves its F-16 Falcon jet fighter. It is flying 1,225 of the supersonic aircraft, which are efficient in both aerial dogfights and attacking ground targets. An additional 1,299 of the proven planes, built in Fort Worth by General Dynamics, have been bought by 14 nations. So when the Air Force got set to buy 270 more Falcons, who could object...
Only, it seems, Northrop Chairman Thomas Jones, a handful of Congressmen from California, where Northrop is based, and some of Jones' influential friends in the Administration. Congress forced a yearlong simulated "fly- off" between the Falcon and Northrop's adequate but unexceptional F-20 Tigershark, which other nations have refused to buy. Last week the Air Force announced the unsurprising winner of the competition for the contract: a modified General Dynamics...
...buyer for the company's movie-production-and-distribution business, its film-processing labs and its 45-acre studio lot near Los Angeles. In June he negotiated a complicated three-way deal in which the studio and film lab were sold to Lorimar- Telepictures (producers of Dallas and Falcon Crest), and the movie, TV and video operations went right back to Kerkorian. Proceeds from those sales might be sufficient to meet the September debt payments, but the terms are still under negotiation...
Tapie enjoys the fruits of his success. He whizzes around France in a dark blue Mercedes or his personal twin-engine Falcon jet, and lives in Paris in a stylish Avenue Foch apartment with his wife and three children. Between takeovers, he cheers for the soccer team he owns, the popular Olympique of Marseilles. His plans for next fall include sponsoring an entrepreneurship camp for unemployed youth. "The rewards of business are not simply money," grins this cheerleader of capitalism. "It is the pleasure, the game, liberty, mobility, the possibility of creating. I believe in dreams, risk and laughter...