Word: karmazin
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Dates: during 1998-1998
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...Chainsaw" Al Dunlap drove Sunbeam's stock up fourfold last year by doing what he had done so well at Scott Paper and other firms: slashing costs. But Sunbeam's share price collapsed when he tried to push the business's growth. Two weeks ago, when CBS tapped Mel Karmazin to be CEO, replacing Michael H. Jordan, CBS stock jumped. But it wasn't so much a bet on Karmazin as a sigh of relief that Jordan was leaving. Under Jordan, CBS has run last among the big networks. But can Karmazin, a shrewd TV and radio-station operator...
...football can increase prime-time ratings by 1 point, "That could throw $50 million to the bottom line for a full season," says Pilson. For the stations, that can mean an additional $100 million a year. That's good enough even for a bottom-line zealot like Mel Karmazin, chairman of the CBS Station Group. Said he: "We know better than anybody else what it's like to have the NFL and what it's like not to have the NFL. And it sure as hell is a whole lot better to have...