Word: rca
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Dates: during 1980-1989
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SHOSTAKOVICH: Symphony No. 5 (RCA). Soviet grandeur meets American dynamism in Leonard Slatkin's explosive reading...
...company less than one-third its size, Capital Cities Communications, for $3.5 billion. The chairman of the merged company, Thomas Murphy, has since trimmed 615 of 14,900 jobs. In June, General Electric absorbed front-running NBC (1985 advertising revenues: $2.7 billion) by purchasing the network's parent, RCA, for $6.3 billion. GE Executive Robert Wright will take over as NBC's president and CEO this week; he is expected to launch his own austerity program. The biggest factor in broadcast television's changing climate is that the networks no longer enjoy the hefty automatic annual increases in advertising rates...
...Tinker asked that his successor be chosen from among the ranks of the network's current management. Last week it appeared that Tinker's wish would not be granted. Word began leaking that General Electric Chairman John Welch, whose desires became paramount at NBC after his electronics giant bought RCA, NBC's parent company, for $6.28 billion last December, had settled on his own man for the job. This week Welch is expected to name Robert Wright, 43, the president of GE Financial Services, to become NBC's new chairman in the fall. Privately, NBC officials confirmed the news...
...lawyer by training, Wright began working for GE in 1969. He has been a close Welch ally since 1973, when he joined the GE plastics group that Welch then headed. Wright is said to have been a major behind-the-scenes force in organizing the merger of GE and RCA. His background suggests a distinct change from the relaxed management style and well-established Hollywood connections of Tinker, who moved the network from the ratings basement to No. 1 during his five-year reign...
Worries about a vanishing repertory are more legitimate. The LP catalog has found a place for both the most familiar Beethoven symphonies and the most obscure baroque fugues. For now, classical and pop CDs run to the best-known artists and material. Yet some major classical labels, including RCA, CBS and the giant PolyGram complex (Deutsche Grammophon, Philips and London), have begun issuing their huge catalogs of conventionally recorded...