January 29, 1997 |
Walt Disney Co. on Tuesday confirmed rumors for the first time that it is exploring divesting the newspaper and magazine operations it inherited when the company acquired Capital Cities/ABC for $19 billion early last year. The move, which analysts believe will fetch more than $1 billion, had been predicted because the papers and magazines don't fit well with the entertainment and theme park giant's strategy.
January 14, 1997 |
At 21, she was Maureen O'Connor Reilly, separated from her husband, a single mother with a year-old son. Having dropped out of a local college, where she had been an English major, she moved back home with her parents and started looking for a job. She answered an ad for a post in the billing department at the Asbury Park Press in New Jersey "but it was filled. They said, 'Well, we have something open in traffic in the radio station.' I figured it was traffic reporting--'I can do that.'
September 27, 1996 |
The television networks try to beat each other's brains in nightly when it comes to ratings, but an effort is being made to maintain civility in their war of words. Capital Cities/ABC President Robert Iger sent a message to his staff earlier this week reminding them that their ratings press releases should not attack the other networks. The missive came in response to an ABC release Tuesday on prime-time results for Sept. 16-22, the first week of the new TV season.
June 7, 1996 |
It was perhaps appropriate that President Clinton appeared via satellite to address ABC television affiliates here Thursday, since the network's mantra boiled down to a variation on his 1992 campaign theme--in this case, "It's the programming and marketing, stupid." From that perspective, the network's new owner, Walt Disney Co., seemingly accomplished its mission to allay the concerns of stations that carry ABC programming.
June 4, 1996 |
ABC television affiliates aren't the happiest campers right now, so what better place to take them than to one of the happiest place on Earth? That seems to have been the logic behind this week's ABC affiliates meeting, the first annual gathering of executives who own and operate TV stations carrying ABC programming since the Walt Disney Co. acquired the network.
May 24, 1996 |
Capital Cities/ABC will postpone indefinitely its planned 24-hour cable television news network because the cost of launching a competitor to Cable News Network was too high, network executives said Thursday. The development leaves channels proposed by NBC and by News Corp., parent of Fox TV, as the challengers to Turner Broadcasting System's CNN. ABC officials said their all-news network would have to spend nearly as much as the $800 million that sources say Rupert Murdoch's News Corp.