Word: paleys
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...financial standard, CBS is the top network. It has posted record earnings for 17 consecutive quarters and, according to a Television Digest report released last week, its 1974 pretax profits ($110 million) were almost double those of its two competitors combined. Chairman William Paley, 73, who has run the network for almost 50 years, should feel a bit cheery. But Paley is fretful these days. He is upset by, of all things, a book, and a bad one at that...
...Reflections in a Bloodshot Eye is an unauthorized history of his communications empire. Written by New York Times Financial Columnist Robert Metz, it begins with the takeover of the small new network by the 27-year-old Paley, who arrived in New York from Philadelphia in 1928, bolstered by his father's cigar-manufacturing fortune. The book then meanders repetitiously through the company's long but successful drive to overtake giant NBC. Among Metz's claims...
...role in combatting the demagoguery of Senator Joseph McCarthy in the '50s was far less noble than it has been portrayed. The network followed the political blacklist in its hiring. Paley was never behind Edward R. Murrow's famous documentary series See It Now, and Murrow and Co-Producer Fred Friendly spent their own money to advertise it. Paley eventually killed the show, saying: "I don't want this constant stomachache every time you do a controversial subject...
...edited for a chosen few readers. "There are five or ten people in the world who John considers have perfect taste," says Fairchild Editor Michael Coady. "You'll probably find them in W." Indeed, W watchers note that some names and faces appear with uncommon frequency: "Babe" Paley (wife of CBS Chairman William), the Philippe Rothschilds, the Kissingers, Yves Saint Laurent and Jackie O., who has decorated W's cover six times...
This kind of a cappella writing is a very chancy business. Paley usually succeeds because she is a poised, naturally gifted writer who trusts her own quirky, ironic imagination. The stories-whether two pages or 20-run their courses as cleanly and surely as arrows flying in air. · Martha Duffy