Word: profitable
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Dates: during 1980-1989
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...confrontation began in April 1982, when a federal grand jury started looking into charges that during the 1970s the Rich firm had sold price-controlled oil through a complicated series of trades that resulted in illegally inflated profit margins. In addition, federal prosecutors accused the Swiss company of covering up the profits by selling oil to its U.S. subsidiary at an artificially high rate. Since the subsidiary then resold the oil at lower market rates, it incurred a sizable loss in the U.S., thus escaping income taxes...
...Lucy have been in syndication for more than a decade. There is big money in syndicating such shows. The independent stations pay top rates for them to cash in on advertising revenues. After syndication fees are deducted, many of the dollars that flow back to the producers are pure profit, since production costs have been largely recovered. M*A*S*H, for example, will gross at least $250 million, and probably much more, during its years in syndication. In a major ruling last week, the Federal Communications Commission tentatively decided that the three commercial networks can share in the estimated...
...vote, the commission would modify a 1970 regulation decreeing that the networks could not collect any money from U.S. syndication of shows. Now the networks will be permitted to buy syndication rights to a prime-time entertainment show, in hopes of reselling them at a profit after it becomes popular. More significantly, they will be permitted to buy a share in a show's eventual profits from syndication...
Under the ruling, although the networks can retain profit shares indefinitely, they must sell syndication rights by the time shows have been on the air for five years, the usual period before they go into syndication. That would prevent networks from withholding shows from the market. And they have no say in when or where the syndicated programs are aired. In many U.S. cities, syndicated M*A*S*H programs run head-to-head with, say, the CBS Evening News, winning audiences and advertiser dollars from network programs. By 1990, two commissioners said, even that regulatory vestige should be dropped...
...will swell from 425 currently to 35,000 by next July. "We needed an income source." The winner, ABC, will ante up $225 million, nearly three times what NBC paid for Moscow. Says ABC Sports Vice President John Martin, "Peter was tough, but fair. We should make a modest profit...