Word: tisch
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After graduating from Morehouse in 1979, Lee enrolled at New York University's Tisch School of the Arts. In his first year there, he had the temerity to parody D.W. Griffith's classic The Birth of a Nation in a 20- minute student film that took the great director to task for his portrayal of blacks in the Old South. He went on to win a student director's Academy Award for his thesis, Joe's Bed-Stuy Barbershop: We Cut Heads, about a Brooklyn barber who is torn between legitimacy and petty crime. After graduation, he began work...
...acquire Time at the offering price, which Davis admitted at an analysts' meeting would mean no earnings for at least two years and would be a long-term drain on operations. At the very least, the debt would impose the kind of cost cutting that has characterized Laurence Tisch's management of CBS. At worst, it could force the sale of certain assets to meet the bankers' bills. Indeed, almost any of Time's defensive strategies would require heavy borrowing that would sap profits from whatever entity results when the dust settles...
...Harvey, Transamerica; Kim Duk-Choong, Daewoo Group; Philip *Knight, Nike; Gunter Kramer, BMW; George Lawrence, American Gas Assn.; Richard Maher, Christian Brothers Winery; Henri Michel, Aerospatiale; Mechlin Moore, Insurance Information Insti*tute; Hideo Nakao, NEC Electronics; Steven Ross, Warner Communications; Anton Rupert, Rembrandt Group; Robert Sinclair, Saab; Preston Robert Tisch, Loews; Graham Whitehead, Jaguar...
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...
...producing shows for cable, such as a documentary series on the Cold War, The Eagle and the Bear, done in collaboration with A&E. NBC is launching a 24-hour business-news channel for cable early next year, and has formed a home-video partnership with Columbia Pictures. Only Tisch at CBS has held back from such diversification. Since taking over the network in 1986, he has sold off CBS's record and publishing divisions, leaving the company with a hoard of cash and inviting rumors that he plans to sell the network. Tisch denies it; he has instead gone...