Word: tec
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Dates: during 1980-1989
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...tombstone was added to the cable graveyard last week. Right next to the headstone of CBS Cable (October 1981-November 1982), it marks the passing of The Entertainment Channel, a 24-hour pay cable service offering exclusive programming, much of it cultural. After nine months in business, analysts estimate, TEC lost close to $50 million for its joint owners, RCA Corp. and Rockefeller Center Inc. (RCI). Amid sundry explanations of its demise, the principal reason was clear: TEC could not entice enough subscribers to pay $8 to $12 a month to watch it. The service is transmitted via the Satcom...
...TEC's guiding spirit was Arthur Taylor, 47, a former president of CBS Inc. His vision, backed by a $100 million three-year commitment from RCA and RCI, was of a service providing "quality but popular" programming for viewers not addicted to the networks. TEC had a ten-year contract with the BBC for first rights in the U.S., and nearly 40% of its fare was composed of such British shows as the political spoof Yes, Minister and the detective series Shoestring. Besides showing distinctive foreign films (Federico Fellini's City of Women, Eric Rohmer...