Word: summering
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Dates: during 1980-1989
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...that weren't trauma enough, the networks are struggling through their worst autumn ever. Because of the five-month writers' strike, which shut down production on most shows during the spring and summer, the fall season is a shambles. The first of the new series premiered on NBC last week, but others will take months to dribble in. The disruption could give viewers one more excuse to flip the dial and sample the competition -- just what the networks don't need...
...homes that are tuned in to a particular show. The "share" refers to the percentage of homes watching TV that are tuned to that show.) In the 1980-81 season, 28 network series achieved a 20 rating or better; last season only nine did. For many weeks last summer, not a single network show cracked the 20-rating level...
...ratings for expensive network specials and sports have also been sinking. The Summer Olympics on NBC drew an average prime-time rating of 17.9, well under the 21.2 promised to advertisers -- and a Bob Beamon long jump away from the 23.2 drawn by ABC for the Summer Games in 1984. NBC, which paid $300 million for the TV rights, will show an unexpected loss because of the compensation time it must give advertisers...
Four miles away in Melrose Park, a working-class suburb of modest but tidy homes, live Donald and Stephanie Sled. This summer they packed up their few belongings and moved out of Chicago's westside ghetto, delighted to have found an affordable apartment in Melrose Park. In their excitement to escape the squalor and fear of the ghetto, the Sleds gave little thought to what it might mean to be the first black family in their neighborhood. "This was like heaven," recalls Donald, a 44-year-old handyman who sometimes stutters when excited. "It was so quiet and peaceful...
...known in Chicago as the Prince of the Pit, was one of the most successful commodities traders in the world. He launched bold invasions into markets ranging from Treasury bonds to precious metals. But he took a bath in financial futures after the crash and in grain during last summer's drought. His two public commodities funds lost an estimated $50 million in the past year, or nearly 50% of their value. Dennis decided last month to pack up his diminished fortune, estimated at $200 million, and move on to another pursuit: politics. He aims to invest in causes...