Word: fox
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Dates: during 1980-1989
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...Maybe we were prehistoric Yuppies," says Norman C. Fox '60, a television writer and resident of Los Angeles. "There was a simple complacency. People were more interested in getting an economic jump, rather than committing themselves to political causes...
...newspaper historians, take note: the date that Australian Press Baron Rupert Murdoch, whose holdings span three continents, set in motion the negotiations that would alter his empire (not to mention his passport) is March 28, 1985. Murdoch was paying his first visit to the Hollywood studios of 20th Century-Fox, half of which he had just bought from Denver Oil Tycoon Marvin Davis. As it happened, John Kluge, the billionaire chieftain of Metromedia Inc., was also on the lot that day to attend an investment conference...
...Capital Cities Communications in March.) The new owners will immediately sell Metromedia's Boston outlet, WCVB-TV, to the Hearst Corp. for $450 million. Murdoch and Davis will end up with six stations that reach one out of every / five U.S. households, thus providing a potent market for Fox movies and programs. Together, the two men harbor an ambitious dream: to become major players in American television and develop their holdings into what amounts to a "fourth network." Alone, Murdoch may have an even grander plan: to build a global television empire linking Europe, America and Australia...
...citizenship for half a dozen stations that will not pay back their purchase price for years to come. Murdoch operates Sky Channel, a satellite station that supplies English- language programming to more than 1.6 million homes in Britain and Europe. He also owns two TV stations in Australia. Once Fox steps up production for its TV outlets, Murdoch in turn could transmit the new programs to his foreign viewers at relatively little cost. One small problem: Australia, like the U.S., has strict TV-licensing rules. If Murdoch does lose his Australian citizenship, he may be forced to relinquish control...
...reports, Murdoch gets along with Davis splendidly, but that may be because they apparently have left the running of Fox to Diller. Now that Murdoch has substantially increased his stake in the TV game, he may be more eager to help run the show. After all, Rupert Murdoch feels strongly enough about this latest venture to consider forsaking his Australian citizenship. Television and newspaper historians, take note: March 28, 1985, may, in retrospect, be the day that 20th Century-Murdoch was born...