Word: nbc
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Dates: during 1980-1989
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...advised that NBC (which will televise the 1985 playoffs) wants a prompt resolution on this," said "Otherwise, we probably wouldn't be talking about...
...agreed to buy the American Broadcasting Cos., which is almost four times its size. The price, $3.5 billion for ABC's 29.1 million common shares, made the acquisition the largest outside the oil industry in American corporate history. The razzle-dazzle play that captured the third-rated network (after NBC and CBS) stunned television executives like an assault from the A Team. Reverberations rumbled from Washington regulatory agencies to Wall Street investment banks. Though the buy-out was a friendly one involving two members of the broadcasting fraternity, the clubby world of the networks suddenly seemed less sacrosanct...
...stocks of communications companies, portending more big mergers and fast price rises. ABC stock shot up $31, to nearly $106, and issues of some other companies in the field also climbed sharply. At week's end CBS had gained 20 1/4, to 108 3/ 4, and RCA, parent of NBC, had risen 4 7/8, to 42 7/8. Newspaper publishers Gannett and Knight-Ridder were up too, as was the stock of Chicago's Tribune Co. Australian Publisher Rupert Murdoch, whose properties include the New York Post and New York magazine, added even more zest to the media merger mania...
What Capital Cities is buying is the TV network that, despite its laggard ratings, is America's most consistently profitable. From 1977 to last year, ABC led CBS and NBC in pretax earnings and revenues, a sharp improvement from its early years of being the network everyone joked about (see following story). In 1984 ABC's pretax profits were $428 million vs. $409 million for CBS and $218 million for NBC...
...battle winds to a close and the networks start looking toward the fall, at least eleven prime-time series are being introduced for limited runs of six or more episodes. More than half of them come from ABC, which dropped to last place this season behind the newly rejuvenated NBC, and thus has the most holes to fill. Newcomers that do well in their spring tryouts are likely to reappear in the lineup next fall; for TV's latest sparring partners, these short-term engagements could be the start of long and profitable relationships...