August 27, 2002 |
Fitch Ratings on Monday downgraded its rating on Walt Disney Co., citing the company's debt, the struggling ABC television network and the falloff in the company's theme park business. Fitch cut its rating on Disney's unsecured debt from A-minus to BBB-plus, Fitch's third-lowest investment grade. The lowering affects about $14 billion in debt. The action could marginally raise Disney's borrowing costs by increasing the interest rates the company pays on its debt, analysts said.
August 12, 1989 |
A majority of National Assn. of Broadcast Employees and Technicians workers at ABC have voted for a new contract offer, the network said Friday, but ratification was held up by members of eight units who rejected the four-year pact. However, union spokesman John Krieger said that NABET hopes to have the matter resolved "within a couple of weeks, hopefully sooner" after joint meetings of union and management with the dissenting NABET members.
May 8, 1992 |
A review of Richard M. Nixon Administration documents has turned up a memo indicating that Texas billionaire Ross Perot, now preparing for an independent run for the presidency, offered to buy a television network in 1969 to aid Nixon's public relations. In an interview with the Associated Press, Perot insisted that his contacts with the Nixon White House were limited 99% of the time to his widely publicized efforts to free American prisoners of war in Vietnam.
July 9, 1999 |
In a cost-cutting move aimed at improving the stock price of the world's second-largest media company, Walt Disney Co. is restructuring its network television operations by combining them into a single unit at ABC. Walt Disney Television Studio, including Buena Vista Television Productions, will be merged with ABC's prime-time division to form a new unit called ABC Entertainment Television Group.
August 6, 1987 |
Did she . . . or didn't she? Agree to tell all, that is. Donna Rice, her manager and the ABC television network are feuding over the plot of a planned ABC made-for-TV movie on Rice's life--specifically, if the ex-model agreed to reveal whether she had slept with former presidential candidate Gary Hart. Rice herself said Wednesday she would make no deals with anyone that required she reveal whether she was intimate with Hart.
December 15, 1992 |
Ted Harbert, the ABC executive credited with putting the hit television series "America's Funniest Home Videos" on the air, has been named the network's chief programmer. Harbert succeeds Robert Iger, who last month was promoted to president of the ABC Television Network Group, overseeing the entertainment, news and sports divisions. The appointment elevates Harbert, 37, to the senior ranks of TV executives in Hollywood.
June 1, 1990 |
ABC Television Network said Thursday it plans to change the formula it uses to guarantee advertisers a certain number of viewers--an effort that could save the network tens of millions of dollars next year. The change appears to be designed to protect ABC against ad revenue lost because of a sharp drop in the number of people watching TV. ABC presented the plan to sponsors for the first time Thursday, and the network said it was too soon to gauge reaction.
June 14, 2002 |
In hopes of boosting ratings at its foundering ABC television network, Walt Disney Co. will aggressively cross-promote its new fall TV lineup at Disneyland, in feature films, at retail stores, on record labels and even in ESPN Zone restaurants. The strategy comes as Disney works to improve the performance of ABC, which has fallen from first place to third in the ratings in the last two years as the network failed to find replacement hits for "Who Wants to Be a Millionaire."
August 11, 2005 |
Two Minnesota television producers want Simon Cowell, whose brutal commentary on "American Idol" has earned him the nickname Judge Dread, to face his own judgment day. On Wednesday, the producers sued Cowell, FremantleMedia North America, which produces "American Idol," and the ABC television network in federal court in Los Angeles, alleging that the TV heavyweights stole their idea for a reality show that chronicles the behind-the-scenes stories of would-be inventors.
April 7, 1989 |
ABC split its entertainment division in two Thursday and named CBS executive Michael Brockman to the newly created position of president of daytime, children's and late-night entertainment. At CBS and NBC, and heretofore at ABC, those programming areas have been contained within the same entertainment division that was responsible for prime-time programming.