Advertisement
YOU ARE HERE: LAT HomeCollectionsRca Corp
IN THE NEWS

Rca Corp

FEATURED ARTICLES
NEWS
April 7, 1990 | From Associated Press
Two RCA Corp. employees who pleaded guilty to obtaining and transporting classified Pentagon budget documents were sentenced Friday to two years in prison, with all but a few months suspended. In sentencing Ronald B. Stevens and Leonard C. Kampf, U.S. District Judge James C. Cacheris said he wanted the sentences to have a deterrent effect on those who might consider similar activity. Stevens and Kampf had pleaded guilty on Feb. 5, the same day that RCA Corp. pleaded guilty and paid $2.
ARTICLES BY DATE
BUSINESS
August 24, 1991 | From Times Staff and Wire Reports
Sony Acquires Video Company: Sony Pictures Entertainment has become sole owner of the former RCA-Columbia Home Video company after buying RCA's 50% stake. The two companies declined to discuss financial terms, but sources put the value of the buyout at about $350 million. The deal ends litigation between the two companies. Sony will rename the video operation Columbia TriStar Home Video.
Advertisement
BUSINESS
March 22, 1985 | DJ
RCA Corp. received an $11-million Army contract for classified electronic equipment.
NEWS
April 7, 1990 | From Associated Press
Two RCA Corp. employees who pleaded guilty to obtaining and transporting classified Pentagon budget documents were sentenced Friday to two years in prison, with all but a few months suspended. In sentencing Ronald B. Stevens and Leonard C. Kampf, U.S. District Judge James C. Cacheris said he wanted the sentences to have a deterrent effect on those who might consider similar activity. Stevens and Kampf had pleaded guilty on Feb. 5, the same day that RCA Corp. pleaded guilty and paid $2.
BUSINESS
June 1, 1986
Thornton F. Bradshaw, chairman of RCA Corp., has been named chairman of the John D. and Catherine T. MacArthur Foundation, based in Chicago.
BUSINESS
December 5, 1985 | Wm. K. KNOEDELSEDER Jr.
In an apparent executive shake-up, RCA Corp. announced Wednesday that Elliot Goldman has been named president and chief executive of RCA/Ariola International, the worldwide recorded music division formed in August by the merger of RCA and West Germany-based Bertlesman AG. Goldman, 50, replaces Robert D. Summer, who had headed RCA's record operations for seven years. RCA announced that Summer has been named president of RCA's classical music label, Red Seal.
BUSINESS
February 5, 1990 | From Associated Press
RCA Corp. pleaded guilty in federal court today to two felony charges and was fined $2.5 million as part of the continuing probe of contractors who acquired and passed along secret Defense Department plans for weapons systems. One former and one current RCA employee also entered guilty pleas to charges of illegally conveying government property. The government told U.S. District Judge James C.
BUSINESS
August 16, 1986 | WILLIAM K. KNOEDELSEDER Jr., Times Staff Writer
Speculation on Wall Street and within the recording industry grew Friday that General Electric has put its recently acquired record operations, RCA/Ariola International, up for sale. Knowledgeable sources put the asking price at about $400 million. Officials of RCA/Ariola referred questions about the rumors to General Electric, which would neither confirm nor deny an impending sale.
NEWS
February 6, 1990 | JOHN M. BRODER, TIMES STAFF WRITER
RCA Corp. on Monday pleaded guilty in federal court to trafficking in classified defense budget documents and agreed to pay a $2.5-million fine in the latest conviction in an ongoing probe into illegal trade in Pentagon papers. One current and one former RCA employee also pleaded guilty to felony charges arising from their part in obtaining the confidential Pentagon documents.
BUSINESS
March 16, 1990 | JOHN LIPPMAN, TIMES STAFF WRITER
In an unusual lawsuit between two entertainment giants, National Broadcasting Co. charges that Sony Corp. and its Columbia Pictures Entertainment unit have secretly undermined an 8-year-old home video distribution venture. In a suit filed Thursday in Los Angeles Superior Court, NBC claims that Sony/Columbia has been hampering RCA/Columbia Home Video, a 50-50 joint venture set up by NBC and Columbia in 1982.
NEWS
February 6, 1990 | JOHN M. BRODER, TIMES STAFF WRITER
RCA Corp. on Monday pleaded guilty in federal court to trafficking in classified defense budget documents and agreed to pay a $2.5-million fine in the latest conviction in an ongoing probe into illegal trade in Pentagon papers. One current and one former RCA employee also pleaded guilty to felony charges arising from their part in obtaining the confidential Pentagon documents.
BUSINESS
February 5, 1990 | From Associated Press
RCA Corp. pleaded guilty in federal court today to two felony charges and was fined $2.5 million as part of the continuing probe of contractors who acquired and passed along secret Defense Department plans for weapons systems. One former and one current RCA employee also entered guilty pleas to charges of illegally conveying government property. The government told U.S. District Judge James C.
NEWS
July 3, 1988 | DANIEL M. WEINTRAUB, Times Staff Writer
The Justice Department's battle against defense industry fraud has been plagued in recent years by "lackadaisical, careless, hands-off management" at the top, two U.S. senators said Saturday. Sens. Charles E. Grassley (R-Iowa) and William Proxmire (D-Wis.) made public a recently completed study of the Justice Department's effort and said it shows that the department is "losing the war against defense fraud."
NEWS
July 3, 1988 | DANIEL M. WEINTRAUB, Times Staff Writer
The Justice Department's battle against defense industry fraud has been plagued in recent years by "lackadaisical, careless, hands-off management" at the top, two U.S. senators said Saturday. Sens. Charles E. Grassley (R-Iowa) and William Proxmire (D-Wis.) made public a recently completed study of the Justice Department's effort and said it shows that the department is "losing the war against defense fraud."
BUSINESS
March 28, 1985 | From the Washington Post
They've changed the nameplates in RCA Corp.'s executive suite again. However, for the first time in years, it's not a rush job. This time, the transition was an orderly one: President Robert R. Frederick, who recently was named chief executive of the $10.1-billion communications and electronics company, was handpicked and groomed for the position by his predecessor, Thornton F. Bradshaw.
BUSINESS
August 9, 1987 | DEBRA WHITEFIELD, Times Staff Writer
Joseph C. Gandolfo had more reasons than most to flinch when America's television pioneer was sold last month to a foreign competitor. Newcomer though Gandolfo is to the RCA family, as manager of RCA's flagship color TV plant in this southern Indiana college town he is well-versed in America's losing battle for survival in a business it created. He has heard the lore countless times: RCA invents color television.
BUSINESS
June 28, 1987 | PAUL RICHTER, Times Staff Writer
There's not much stirring these days in the four top floors of the majestic RCA Building at Rockefeller Center, where a bustling corps of executives used to run one of the country's most important conglomerates. The old RCA board room, the site of weighty deliberations for decades, is dark and locked. All other offices are bare, except for one occupied by a man in a bow tie who cheerfully acknowledges that he had a lot to do with the emptiness around him.
Los Angeles Times Articles
|