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Each week seemed to bring news of still more blockbuster deals: the General Motors-Hughes Aircraft merger and the Allied-Signal and Capital Cities Communications-ABC takeovers to cite a few. In April and again in August, the journalistic combine of Greenwald and Ungeheuer churned out major stories analyzing the accelerating merger trend...
...York Rangers. His engaging lack of inhibition prompted him to accept a cameo role as a doctor in Woody Allen's forthcoming film Hannah and Her Sisters. Truth to tell, the movie appearance was set up by Schmidt's third wife, Helen Cutting Whitney, producer and director of ABC and PBS documentaries on such topics as McCarthyism and homosexuality, and co-author, with Eugenia Zuckerman, of a feature-film script titled K.589...
...mammoth gains that megamergers create have aroused suspicions that some players may be getting advance word of pending deals and profiting from inside information. For example, ABC stock jumped from $66 a share to $105 earlier this year in the month before the announcement of its acquisition by Capital Cities. General Foods rose from $70 a share to $120 before it was bought by Philip Morris. Last Wednesday the price of RCA stock jumped $10.375, to $63.50, hours before the merger was announced...
More is on the way. The Children's Television Workshop is producing six educational cassettes featuring Big Bird and other popular Sesame Street characters. Such children's TV personalities as the Messrs. Wizard and Rogers will soon be appearing on cassettes. The networks are also getting into the act. ABC is putting 50 of its critically praised Weekend Specials on cassette and is contemplating the production of original shows for home video as well. Says ABC Vice President Squire Rushnell: "There's a greater consciousness now that in producing programming for children, we have to stop and think: How will...
...ironic that this particular message has fallen victim to the commercial messages. The Grinch supposedly discovers that Christmas does not come from a package, that it is not all commercialism. But the network executives at ABC proved the Grinch dead-wrong, as they stole time from under him for just such commercialism: advertisements. Commercialization of holidays is always crass, but especially during the Grinch. Unfortunately this year's Grinch did show the true meaning of Christmas...