Word: tisch
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...executives stood by their man. "There is no question that what Dan portrayed on the air was not the sort of gracious Southern gentleman that he is in person," said News President Howard Stringer. "What we got was a journalist in pursuit of a story." CBS Chairman Lawrence Tisch, who was traveling in the Far East on business when the episode occurred, was briefed on it by telephone and, according to Stringer, was "very supportive." CBS staffers, though shaken by the initial barrage of criticism, were also upbeat by week's end. "This is one of the first times...
Just four months later, activity and spirits at CBS News are higher than they have been since Laurence Tisch took control of the company 16 months ago. Rather's disappearing act was followed almost immediately by an upsurge in the Evening News ratings, courtesy of a September change in measuring the audience. In late November the low-rated Morning Program, an empty-calorie confection that replaced the CBS Morning News, was canceled after 10 1/2 months, and its time period was given back to the news division. Next week the network will introduce an ambitious new documentary series, 48 Hours...
...manic rebound from depression has its ironies: after laying off 230 news staffers last year, the network has now added more than 100 to handle the increased programming. Cynical insiders note that the departed have been replaced by less expensive newcomers: "Producerettes, we call them," says one survivor. Tisch sees the renewed signs of life as proof that his cost cutting was justified. "It was painful," he says, "but we've come out stronger...
...less than 60% of a typical entertainment show. And in the increasingly bruising TV environment, network executives are anxious to stress what they believe cable and other competitors cannot match -- CBS's news prowess. "We just can't think of every program in terms of dollars and cents," says Tisch. "Hit programs come and go, but CBS News is an institution that I hope is going to be here for the next 100 years." Aaron Altman -- or Edward R. Murrow -- could hardly quarrel with that...
...board balked. Reason: besides its cultural value, the records division is a money machine that produced $162 million in profits last year, some 37% of CBS's total earnings. However, when Sony came back with a $2 billion bid, the CBS directors could not refuse. President Laurence Tisch, who pushed the sale as part of his back-to-broadcasting program for CBS, apparently contended that now was the right time for CBS to get out of the recording industry, since its profits might wither in an economic downturn. Sony seemed to be the ideal buyer, as the two companies have...