Word: tisch
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...over the past 20 years. But the perception of crime has changed; now it's the No. 1 enemy. Every night on the news it's back-to-back murder and body bags. Even the national news is perverted, because the news has become a profit-oriented enterprise since Tisch took over CBS. It's the old yellow journalism. Now that communism is dead, they need new demons. This virus has infected us all -- the demons within us and among...
...when, say, a home-shopping channel wants to merge with a television network, right? Yet the juicy story line that usually comes with takeovers among media moguls is showing up in all corners of American industry these days. In fact, while the buzz is with Ted (Turner) and Larry (Tisch), the guys who are throwing real money around in their bids to consolidate belong to such unglitzy businesses as railroads and banks. Now it can be said: the '90s were never meant to be the decade of small appetites...
Still, Diller haggled with CBS over the treatment of options to buy 6 million shares of QVC stock. While Diller wanted to swap half the options for new ones in the merged company, Tisch balked at raising the issue before the deal was complete. Diller dropped his request, but it rankled the Tisch camp. "After they got engaged," says a source close to Tisch, "Diller demanded the dowry...
...fact, Diller could still wind up at CBS, perhaps by forming an investment group that buys the company. CBS insiders seemed open to such a possibility. "I think we gotta let the dust settle for a little while," says the source close to Tisch. But whether or not Diller ultimately joins CBS, the network of William Paley, Edward R. Murrow and Murder, She Wrote seems virtually certain to change hands before too many more seasons...
Just hours before the boards of CBS and QVC were to vote on a planned merger, Comcast Corp. -- the nation's third largest cable company and a minority shareholder in QVC -- launched a surprise bid for the QVC cable network it helped found. As CBS chairman Laurence Tisch quickly dropped the merger offer and announced a $1.1 billion stock buyback, analysts speculated that the network remains vulnerable to a takeover...