Word: pretax
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...television and film operations were headed for losses of nearly $3 million that year. "We gave him all the dogs and said, 'Make something of them,' " recalls Chairman Andrew Heiskell. "He managed to pull it off." By the close of 1979, the video group was a smash (pretax profits: $68.5 million), and Dick Munro was executive vice president and headed for the top of Time...
...Moscow Olympic boycott could not have come at a more inopportune time for NBC. The network has been deep in the ratings cellar for the past five years, and pretax profits have slid from $152.6 million in 1977 to $106 million last year. Silverman, "the man with the golden gut," has been able to raise NBC'S ratings only marginally during his two-year tenure. When he was programming chief at ABC, he promoted his prime-time shows heavily during the 1976 Olympics, and the network grabbed the ratings lead in January 1977. ABC's profits before taxes...
Blown to oblivion is the traditional budgetary restriction of paying no more than one-quarter of pretax income for rent. Apartment dwellers are writing checks for as much as 50% of their gross salaries each month and enduring a straitened life-style for everything else: food, clothing, doctor bills, vacations and savings accounts...
...those of the networks. The networks' response was much the same as that of the Post-Newsweek stations, but a spokesman for NBC could not resist noting that however Mobil skewed the figures, its after-tax profits in 1978 were nevertheless more than one-third greater than the pretax profits of NBC, CBS and ABC combined-a not entirely apt comparison that may only have confused the question...
...employee-owned company, Republic Hose Manufacturing Corp., took over the one-story plant, productivity is up 40%, and the rate of rejected products has dropped from 8% to 1%. The firm, which today employs 130, estimates that for its first complete fiscal year it will earn a pretax profit of up to $600,000 on revenues of $7 million; that is less than the approximately $12 million in revenues of Aeroquip's final year but at least double the new owners' initial projections...