Word: tisch
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Dates: during 1980-1989
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Such results have had an inevitable impact on the networks' bottom lines. Profits have plummeted at all but NBC. Each of the three networks has been taken over by a new corporate owner -- ABC by Capital Cities Communications, NBC by General Electric, and CBS by Loews chairman Laurence Tisch -- that has instituted severe cost-cutting measures. Some 3,500 people , from technicians to network censors, have been laid off at the Big Three in the past two years. Although some further postelection cuts are anticipated at CBS News and NBC News, the bulk of the reducing is probably over...
...ratings and another on the bottom line, they have too often canceled a news program before it had a chance to catch on. Now Stringer will have no one to blame but himself. Last week, in a dramatic realignment of CBS management, Chief Executive Laurence Tisch elevated Stringer, 46, to the presidency of the CBS Broadcast Group. Though he has no direct experience in entertainment programming -- the network's bread and butter -- the Welsh-born newsman will now run everything from the CBS prime- time schedule to its radio shows...
...first time in the network's history, an outsider will take over as news president: David Burke, executive vice president at ABC News. Outgoing Broadcast Group President Gene Jankowski will assume the less taxing post of broadcast chairman. Said Tisch: "This is a start...
Ever since Laurence Tisch became chief executive of CBS in 1986, tight budgets have become a way of life at the network. So the news last week that CBS had outbid all rivals for the TV rights to the 1992 Winter Olympics in Albertville, France, came as a surprise. CBS will pay $243 million for its first Olympics since 1960. The bid seemed inordinately high to industry experts, in part because of the other networks' diffidence: NBC offered $175 million plus half of any advertising profits in excess of $325 million, while ABC, which paid $309 million for the Calgary...
Stamp prices are being driven up by the Postal Service's labor costs, which account for 85% of its spending. Critics fault Tisch for not driving a tough enough bargain in negotiations last year with the unions representing 634,000 postal employees. Under the new contract, the average salary of those workers who are covered -- about $25,200 last year -- will rise some 7% by November 1990, not including cost-of-living adjustments. Tisch could have insisted that more of the work force consist of lower-paid, part-time employees. Instead, the Postal Service left in place guarantees that...