Word: rupert
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...stock value that had been cut sharply after the Paramount sortie. And it brought Tisch's company almost back to its May level, before CBS got a black eye by losing eight of its affiliate stations to Fox. CBS had also suffered wounds from an earlier affiliate raid by Rupert Murdoch, owner of the News Corp. (which includes the Fox network), and Revlon magnate Ronald Perelman. "CBS had to do something to break out of the doldrums," says Christopher Dixon, media analyst with PaineWebber. "With this move they enter the modern age -- albeit laughing, kicking, struggling and crying. They...
...words to an old hymn: "Will there be any stars, any stars in my crown?" Socialist, yes, decrying British mercantilism that turns everyone "from a citizen into a consumer. And politics is a commodity." Apocalyptic disgust? Plenty, even at the end. He told Bragg he had named his cancer Rupert, for Murdoch, the media warlord...
...started out as a routine encounter between two broadcast bigwigs. On Tuesday afternoon, May 10, Rupert Murdoch welcomed a visitor to his office on the 20th Century Fox lot in Los Angeles: William Bevins, chief executive of Ronald Perelman's New World Communications Group. Murdoch and Bevins talked about each other's company, and the conversation inevitably got around to football. Eight local CBS affiliates owned by New World were about to lose their Sunday-afternoon N.F.L. games thanks to Murdoch, who last December paid $1.58 billion to take them away from CBS and bring them to the Fox network...
Diller had other reasons to err on the side of caution. While serving as chairman of Rupert Murdoch's Fox Inc. in the late 1980s, he saw how excessive debt almost sank that entertainment company. In the end, Diller essentially threw in his hand and let Redstone rake in the pot. For Redstone, the triumph in what he angrily came to call "the cruel, abusive and sometimes ridiculous battle for Paramount" could hardly have been sweeter. With the battle about to end last Monday, Redstone, Biondi and two Viacom colleagues repaired to the posh "21" Club in midtown Manhattan...
...right to spend $399.5 million a year on games for which CBS has been taking in around $200 million a year -- which means Fox has agreed out front to squander tens and probably hundreds of millions of dollars during the next four years. The deal, Fox's Rupert Murdoch blithely concedes, "will certainly be a loss." But these days in the televi -- that is, information superhighway -- business, the iffy expenditure of billion-dollar sums is required in order to be considered visionary. "It's a plan for the future," says Lucie Salhany, Murdoch's charmingly high-strung network president...