Word: network
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Dates: during 1990-1999
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Brave talk. The Administration has yet to prove it can deliver. Most of bin Laden's hidden finances have been impossible to find. Pentagon officials admit they're not flush with big fat targets in bin Laden's network, which is a collection of highly mobile terror cells with no central headquarters. Sending in commandos to snatch him in Afghanistan would be too bloody an operation, and the country's ruling Taliban is so far in no mood to turn him over...
...would call Lowell (Bud) Paxson a dimwit. He is an unusual sort of TV executive, certainly: a born-again Christian who makes more money than headlines and counts among his achievements the Home Shopping Network, which he sold for a bundle in 1992. Nor would Barry Diller, a genuine TV honcho who makes a lot of money and headlines, qualify as anything less than bright. But each is about to embark on what would appear to be a fool's errand: starting a new television network in an era in which audiences are fragmenting and network profits disappearing. Paxson...
...they are changing the model. Paxson is assembling his group of UHF stations into a no-frills national network offering family-friendly programming. When Pax TV makes its debut on Monday in about 75% of the country, it will become the seventh (count 'em) over-the-air network...
Diller, the free-lance mogul and former chief of the Fox network has long been the topic of one of the TV industry's most popular guessing games: What will Barry do next? Since leaving Fox in 1992, Diller has dabbled in home shopping, proselytized for the digital revolution, failed to buy Paramount and, last February, succeeded in acquiring the majority of Universal's TV operations. Despite persistent rumors that he is in the market for a major network, such as CBS, Diller says he is more interested in fashioning his latest collection of TV properties--including the USA cable...
Traditional TV networks have not made a lot of economic sense for years: most of the money generated has a way of going elsewhere. According to Broadcasting & Cable magazine, NBC was the only network among the Big Four to turn a sizable profit last year--$475 million, on revenues of $3.8 billion. CBS lost money; Fox did too after discounting special accounting benefits; ABC turned a small profit. This year they'll do worse...