Word: goldenson
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Dates: during 1980-1989
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...Atlanta, Tisch is a pillar of the New York establishment. He is chairman of the New ! York University board of trustees, a leading supporter of the Metropolitan Museum of Art and a force behind the Federation of Jewish Philanthropies. His network ties include a longtime tennis partnership with Leonard Goldenson, the chairman...
Finally, in February, Goldenson and Murphy met in the offices of ABC's lawyer Joseph Flom, a partner in the New York City law firm Skadden, Arps, Slate, Meagher & Flom, famous as takeover specialists. From that point onward, the deal moved rapidly. The two sides spent only ten days in face-to-face talks, although they confronted some sticky points. Says Goldenson: "It fell apart from time to time as we went along...
Last Sunday, over a late dinner at New York City's Plaza hotel, Pierce and Goldenson briefed ABC's division presidents about the impending merger. The next morning, the word went out to two dozen other top management people, and finally the deal was revealed. Up until the formal announcement, Murphy and Goldenson had insisted that the proposed merger be kept a secret in order to prevent premature speculation in ABC's stock. Said Goldenson: "We were fortunate that there were no leaks...
...part of Capital Cities' business. Joseph Fuchs, a Kidder Peabody vice president and one of Wall Street's top media analysts, thinks that the FCC now sees itself as "neither a sword nor a shield" in the broadcast industry. To speed up Government approval of the merger, Murphy and Goldenson paid visits to the FCC's five commissioners last week. Both men emerged smiling. Said Murphy: "We'll have to do whatever is appropriate to satisfy...
...American Broadcasting Co. was created in 1943 when the FCC forced the National Broadcasting Co. to give up one of its two radio networks (NBC kept the so- called Red Network; its Blue Network became ABC). Ten years later, ABC merged with United Paramount Theaters, whose chief executive, Leonard Goldenson, became president of the new company and its guiding spirit...