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February 17, 1993 | From Times Staff and Wire Reports
Tampa TV Station Sold: WTVT-TV, a CBS-affiliated television station in Tampa, Fla., has been sold for $163 million in cash to SCI Television Inc. The sale was part of the continuing corporate restructuring of investor George Gillett. Denver-based SCI already owns stations in Boston, Detroit, Cleveland, Atlanta, Milwaukee and San Diego and is the largest operator of CBS stations other than CBS Inc. WTVT is SCI's fifth CBS affiliate.
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BUSINESS
February 17, 1993 | From Times Staff and Wire Reports
Tampa TV Station Sold: WTVT-TV, a CBS-affiliated television station in Tampa, Fla., has been sold for $163 million in cash to SCI Television Inc. The sale was part of the continuing corporate restructuring of investor George Gillett. Denver-based SCI already owns stations in Boston, Detroit, Cleveland, Atlanta, Milwaukee and San Diego and is the largest operator of CBS stations other than CBS Inc. WTVT is SCI's fifth CBS affiliate.
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BUSINESS
June 26, 1991 | From Associated Press
Gillett Holdings Inc. agreed Tuesday to file for Chapter 11 bankruptcy reorganization, three months after creditors sought an involuntary filing. The move will give the company time to restructure its $1-billion debt while continuing to operate Vail and Beaver Creek ski resorts, meatpacking and broadcasting businesses, said Gary Holmes, a spokesman for Denver-based Gillett. In the 1980s, Gillett issued junk bonds with the help of Drexel, Burnham Lambert Inc.
NEWS
June 21, 2000 | MATEA GOLD, TIMES STAFF WRITER
Vice President Al Gore laid out his plan to help people save for retirement Tuesday, even as he upped his criticism of George W. Bush's Social Security proposal, warning that the Republican's idea to privatize part of the entitlement program could endanger the elderly.
SPORTS
May 24, 1990 | SHAV GLICK, TIMES STAFF WRITER
The drivers might be getting older in the Indianapolis 500, but management is getting younger. Tony George, grandson of the late Tony Hulman, who saved the Indianapolis Motor Speedway when he bought it in 1945, is the new president of the speedway and, at 30, is younger than all but five of the 33 starters in Sunday's 74th Indianapolis 500. George took over the family-owned Hulman raceway empire in January, shortly after the death of 81-year-old Joe Cloutier in November.
NEWS
April 9, 1989 | MARK I. PINSKY, Times Staff Writer
As he awaits a decision this month on whether he will be allowed to remain a member of the National Religious Broadcasters, Tustin-based televangelist Paul F. Crouch faces a variety of complaints about how employees of his TV and radio empire have been treated and how the network acquires stations. Despite Crouch's contention that "a Christian organization should be held to higher ethical standards," his Trinity Broadcasting Network, with more than 400 employees and an annual payroll of nearly $5 million, now faces an investigation by the Ethics Committee of NRB. Subjects of the inquiry include: - Reported sex and age discrimination at a TBN-owned station in Tacoma, Wash.
CALIFORNIA | LOCAL
April 9, 1989 | MARK I. PINSKY, Times Staff Writer
As he awaits a decision this month on whether he will be allowed to remain a member of the National Religious Broadcasters, Tustin-based televangelist Paul F. Crouch faces a variety of complaints about how employees of his far-flung TV and radio empire have been treated and how the network acquires stations. Despite Crouch's contention that "a Christian organization should be held to higher ethical standards," his network, with more than 400 employees and an annual payroll of nearly $5 million, now faces an investigation by the Ethics Committee of NRB. Subjects of the inquiry include: Reported sex and age discrimination at a TBN-owned station in Tacoma, Wash.
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