Word: parented
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Dates: during 1990-1999
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...media behemoth entered the 24-hour news competition, as Rupert Murdoch launched the Fox News Channel, available initially in 17 million homes. It will vie for viewers with the granddaddy of 24-hour TV news, CNN (whose owner, Turner Broadcasting, last week became part of Time Warner, TIME's parent company), and with MSNBC, the ambitious TV-and-Internet news service launched in July by NBC and Microsoft...
...newspapers are trying to save money in the newsrooms, but they are undercutting the quality of their news reports. It's taking the life right out of them." The San Francisco Examiner, for instance, still runs foreign news, but without a single overseas correspondent on staff. Under instructions from parent company Knight-Ridder to boost its margins from 16% to 18%, the Miami Herald will cut 300 jobs by the end of this year. Once considered a competitor of the New York Times and the Washington Post and famed for winning seven Pulitzers in the 1980s alone, the Herald...
...announced plans to cut 250 jobs at its two Philadelphia newspapers, the Daily News and the Inquirer. In the fall, managers at the Hartford Courant, which had never laid off a worker since its founding in 1764, asked 188 staff members to take voluntary buyouts, citing financial pressure from parent company Times Mirror...
...many newsrooms, however, morale is hitting an all-time low--though journalists are famously cranky. For example, at the Philadelphia Inquirer, which is under pressure from parent company Knight-Ridder to boost profit margins from 8% to 12% this year and 15% the next, staff members cite with dismay the collapse of the time-honored wall between "church" and "state"--the editorial side and the business side--which is meant to ensure journalistic integrity. The head of circulation now sits in on story meetings, while reporters and editors must take "business literacy" classes to learn how the publishing side works...
...Angeles Times, employees entering the building are greeted by an LED display of parent company Times Mirror's stock price--an irksome reminder that their CEO, Mark H. Willes, is wielding one of the sharpest axes in the industry. In 1995, his first year on the job, Willes slashed a grand total of 3,000 jobs, including almost 800 that died along with the New York edition of Newsday--which hemorrhaged some $100 million in its 10 years of life--and 140 newsgathering positions at the once fabulously profitable L.A. paper...