Word: network
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Dates: during 1970-1979
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...praised but sparsely watched, was scrapped. ABC's Good Morning, America continues to gain ground on the Today show, which once ate the competition for breakfast. Worse still, two weeks ago, the Nightly News briefly fell into third place in the ratings for the first time ever. The network partly attributed the drop to ABC's rejuvenated news operation. It also admitted that affiliate switches had hurt; in the past two years, NBC has lost ten major local stations to ABC, affecting the ratings for both news and entertainment shows. Nonetheless, there were some hopeful signs: the news...
...network did not have enough to fret about, NBC has been trying since November to clear up a scandal that had been winked at for years, according to some NBC insiders. Under investigation are expense-account fraud and the embezzlement of hundreds of thousands of dollars by some NBC unit managers, who handle logistics for news, sports, and entertainment crews on location. So far 18 of the 55 unit managers, including their autocratic supervisor, Vice President Stephen Weston, have lost their jobs, and one has pleaded guilty to criminal charges...
...first jobs undertaken by Jane Cahill Pfeiffer when she arrived last fall as NBC's new chairman, Silverman's second in command, was to get to the bottom of the scandal. The former IBM vice president has also stepped on toes trying to straighten out the network's tangled management structure. Said one executive: "She has a Mother Superior complex." Chipped in another: "I understand that at IBM they don't fire people, they just reorganize in such a way as to drive someone out. That is exactly what is going on here...
...that anyone doubts Pfeiffer's ability to hold her own in the rough-and-tumble of network politics. She is not just attractive and intelligent. Thomas J. Watson Jr., her boss and mentor at IBM, calls her "brilliant and practical." A West Coast producer, less admiringly, terms her "conservative, moralistic, businesslike and hard." A liberal arts major at the University of Maryland, the Washington, D.C.-born Pfeiffer joined IBM soon after leaving the convent at the age of 23. In her two decades there, she rose from a trainee job to a vice presidency, with a reputation for quick...
...much time away from her husband. Pfeiffer then worked as a top-drawer consultant to several major companies, including NBC. Last fall, in a surprise move, she became the $225,000-a-year (plus up to $200,000 a year in bonuses) chairman of NBC, responsible to the network's new president, Fred Silverman...