Word: wyman
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...what we consider our roots." As for working as a group again, Mick Jagger says, "It was like going back to an old shoe." Stones in an old shoe are not entirely comfortable, though. The five -- Jagger, 42, Wood, 38, Keith Richards, 42, Charlie Watts, 44, and Bill Wyman, 44 -- have had their differences, notably over Jagger's increasingly active career as a solo performer. The tensions showed in taped interviews to promote the album. Despite the hassles of going on the road, some in the group want to do a Dirty Work tour. Jagger does...
...ground rule. "I told them I didn't want them trashing my folks in a mean way," he says. The one skit he rejected: portraying a gay hairstylist. There was, however, much skirting of the bounds of propriety, including a catty reference to Reagan's first wife, Jane Wyman, and a portrayal of Nancy as a chain-smoking lush by an actor in Adolfo-like drag. One White House aide thought the whole thing tasteless. Said he: "Some birthday present to his father...
While plotting the network's defense, CBS Chairman Thomas Wyman began looking for help and turned to Tisch, a shrewd investor with close ties to executives at both CBS and ABC. Recalls Tisch, whose Fifth Avenue office is around the corner from Black Rock, as CBS's Manhattan headquarters is called: "Tom came up to see me about some of his problems with Turner and Helms." A Loews takeover of CBS was not specifically discussed, but the two men reached a tacit understanding. Says Tisch: "CBS knew that if it needed somebody, Loews would be glad to discuss a deal...
...August, Helms had dropped his campaign against CBS, and the network had blunted Turner's bid by offering to buy 21% of its own stock for nearly $1 billion. Even so, Wall Street remained convinced that CBS was a takeover candidate. Still concerned, Wyman interrupted a vacation to call Tisch from a pay phone on a dock on Nantucket Island. After more calls and meetings over the past two months, Wyman suggested that Loews buy up to 25% of CBS, and last week Tisch agreed...
...back would raise CBS's debt from last year's $386 million to $1.3 billion. The company also guaranteed it would limit its liabilities. That promise could prevent Turner from proceeding with his takeover bid, which involved a great deal of debt. In order to honor his guarantee, Wyman said, the firm would sell $300 million in assets, though any spinoffs would not take the company out of broadcasting, records or publishing. Wyman also claimed that trimming corporate fat could save $20 million annually. Said he: "There is no place (in CBS) where the Swiss watch is functioning so perfectly...