Word: videos
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Dates: during 1980-1989
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...companies have risen so fast or crashed so rapidly as Atari, the onetime king of video games. From 1977 to 1982, annual sales zoomed from $200 million to $2 billion. But last year Atari lost $536 million in just the first nine months. Atari's collapse has left its parent company, Warner Communications, so weak that Warner is fighting for its life in a corporate takeover battle with Press Lord Rupert Murdoch. James J. Morgan, 41, then a vice president of Philip Morris, was hired last summer to rescue the ailing company. TIME Correspondent William McWhirter, a Princeton classmate...
...Americans are mazed out and shot out. They're tired of video games. Atari must compete against movies, novels, TV, anything that makes up America's six hours a day of leisure time. It is criminal in my mind that Atari did not think of a game like Trivial Pursuit first. I don't believe the industry will be a hit again until it rekindles its imaginative resources. If not, it's bye-bye to the industry...
Morgan is cutting back on the products Atari manufactures. He simplified its computer line from five proposed models to two and delayed introduction of a series of new Atari telephones. But he is still adding new video games...
...restricted, but hardly boring. Besides doing their regular-chores, the workers will occasionally have to leave the station in small maneuverable capsules to retrieve satellites for repair or help nudge additional units into place. In their idle hours occupants will browse through the station's library or play video cassettes. They will exercise regularly, perhaps on fixed bicycles or treadmills; such exertion ensures continued muscle tone and the health of the cardiovascular system in the less taxing weightless environment. Even couples may be allowed on board, since there are already several husband-and-wife astronauts. Shuttles will pay regular...
AILING. Michael Jackson, 25, top pop-record and video performer (Thriller); from second degree scalp and back burns after an exploding smokebomb canister ignited his hair during the filming of a Pepsi-Cola commercial. A Los Angeles doctor who treated the singer said that he might need reconstructive surgery...