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...newest member of TV news's most exclusive fraternity. Although hardly a new face (at 47, he has logged 24 years in the business, the past eight anchoring at CNN), Shaw has come to personify CNN's transformation from the "Chicken Noodle Network" to a respected competitor of ABC, CBS and NBC. That status seemed to become official last December, when Shaw joined the three network anchors for a nationally televised interview with President Reagan, from the Oval Office, on the eve of Soviet Leader Mikhail Gorbachev's visit to the U.S. Last month the anchor turned...

Author: /time Magazine | Title: Press: A New Member Joins the Club | 2/22/1988 | See Source »

...altar." While serving in the Marines, the aspiring journalist met Walter Cronkite, who, he recalls, advised him "to read anything I could get my hands on." He started out in Chicago radio, eventually moving to Washington and television, joining CBS in 1971. Six years later, he jumped to ABC, where as Latin American correspondent he covered the Nicaraguan revolution and the mass suicide at Jonestown. In 1980, when CNN asked him to be one of its original anchors, Shaw was torn. Network bosses told him it would ruin his career, but Shaw disagreed. "Murrow was on the threshold...

Author: /time Magazine | Title: Press: A New Member Joins the Club | 2/22/1988 | See Source »

...ABC could do without one of its firsts, however. Not since TV and the Olympics were introduced to each other has the network covering the Games lost money. Though ABC projects a healthy 21.5 average rating in prime time and commercial time is virtually sold out (up to $300,000 for a 30-second spot), network executives admit that advertising income will not cover the costs. They are spending a reported $100 million on the production, in addition to the whopping $309 million paid for the broadcast rights, more than three times the cost in 1984. The problem developed because...

Author: /time Magazine | Title: Olympic Preview: The Living Room Games, Up Close and Personal | 2/15/1988 | See Source »

Still, executives claim that there will be no skimping on coverage. "We've got to maintain the image of ABC Sports here," says Dennis Lewin, senior vice president of production. "Plus there's our own pride at stake." Other things are at stake as well. The Games come in the midst of the important February "sweeps" period and will give the No. 3 network a big, if temporary, ratings boost. The competition, however, will not be playing dead. NBC, for example, has scheduled its biggest mini-series of the season, eight hours of James Clavell's Hong Kong epic Noble...

Author: /time Magazine | Title: Olympic Preview: The Living Room Games, Up Close and Personal | 2/15/1988 | See Source »

...slashing, aggressive all- event star in an era of specialists. -- Foreign Favorites: The best in the world include a flying Finn, a peerless East German speed skater, a feuding pair of Swiss women ski champions, Sweden' s blazing trailmen and many, many more. -- The Living Room Games: ABC will lose money on the deal but is still going all out to win viewers with the most complete winter coverage ever. An insider' s TV guide picks the top moments to watch...

Author: /time Magazine | Title: Time Magazine Contents Page February 15 | 2/15/1988 | See Source »

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