Word: tisch
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...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...
Dealing with the postal crunch will be a formidable job for Anthony Frank, 56, who became Postmaster General this month. He replaced Preston Tisch, who returned to the management of Loews Corp. Frank, a former chairman of San Francisco's First Nationwide Financial Corp., has already jumped to the defense of the Postal Service, pointing out that the "magnitude of the task is just beyond belief." As for the higher rates, even critics concede that U.S. postal service is cheap compared with that of other countries. Mailing a letter in West Germany, for example, costs 48 cents, while the price...
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...