Word: rca
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Dates: during 1980-1989
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Tough challenges face a skilled manager at RCA...
When Thornton Bradshaw was chosen last January as the fourth chairman of RCA in six years, the electronics and communications conglomerate (1980 sales: $8 billion) was already heading into trouble. Earnings were slipping, morale had been devastated by a decade-long succession of management fiascos, and Wall Street analysts were beginning to wonder whether the once high-flying firm would ever regain its former luster...
...year later, RCA's financial prospects appear, if anything, grimmer still. The company's once strong NBC television network remains a distant third in the ratings, behind both ABC and CBS. Meanwhile, the firm's SelectaVision video disc player units for home viewing of prerecorded video entertainment have so far failed to catch on with consumers. In addition, earnings in other operating divisions have continued to decline. One result is that overall corporate red ink in the third quarter of 1981 hit $109.3 million, the worst quarterly performance by the company since...
...Million Tube Job. The investment RCA made in the videodisc machine and the amount it stands to lose if the discs do not catch on. The disc machine, unlike the tape, cannot copy; it can only play. It excels as a teaching tool, but RCA has marketed it for consumer entertainment, where it has fared poorly compared with tape. The bright hope is what vid whizzes call interactive discs. These can instruct the viewer in a variety of pursuits or, wired through a home computer, can let him seek specific help. On one prototype, for example, a viewer with...
...Allegro (written in the style of Pugnani), Schon rosmarin or the cadenz to the Beethoven Concerto instead of the numerous Kreisler arrangements of other composers' works. The other pieces on the record are not worth the time or money. Any performance of Kreisler pieces (except Eugene Fodor on RCA Red Seal, 1977), will capture the flavor of this sentimentalist. Perlman plays a great Praeludium and Allegro...