Word: stantons
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Lower Yields. In general, only companies with earnings problems are actually cutting their 1969 spending. Chrysler Corp., whose earnings plunged 51% last quarter, has deeply slashed its $300 million capital-spending plans for 1969. At New Stanton, Pa., construction of a $200 million assembly plant was halted even as the steel was going up. B. F. Goodrich, which is trying to fatten earnings and fend off a takeover attempt by Northwest Industries, plans to trim its 1969 spending. So does International Harvester, which has scrapped plans to expand its network of offices around the country...
...defense is anchored by goalie Mike Stanton, a transfer from Wesleyan and captain Bill Evans. Stanton was superb in the late stages of the Princeton game, and held the Tigers to their lowest output all season four goals...
Substituting Uggams. Although CBS remained grimly silent last week, the network had already made its position clear at recent Washington hearings. Lately, Senator John O. Pastore has been expressing concern over what he considers the violence and questionable moral content of TV shows. While CBS President Frank Stanton eloquently defended TV's right to free speech in Washington last month, he also assured Pastore's Senate Subcommittee on Communications that he would police his air waves with renewed vigilance. Despite the assurance-or perhaps because of it-the Smotherses' April 6 show was studded with gibes...
Pointing out that individual networks now police their own programs, CBS President Frank Stanton refused to flirt with centralized censorship at all. Any control body, he insisted, even one made up of other members of the industry, would be impractical and dangerous. "It would only be a matter of time," he said, "before the Government would go to the Code Authority about our performance-initially to inquire, then to urge. This would spell the beginning of the end of our independence...
Cosmetic Results. Stanton was a bit stunned. After the assassination of Robert Kennedy, the three networks themselves announced a voluntary exorcism of "excessive" violence. But it was too late to change the mood of the TV season without enormous financial sacrifice. The schedule of programs had been sold to advertisers, and in some series as many as ten weeks' episodes were already completed. Although drastic revisions were promised, the results were mainly cosmetic...