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...there was no shortage of eager bidders. Ziff-Davis, a subsidiary of the Ziff Corp., was offering for sale twelve consumer magazines and twelve technical and travel publications, most of them leaders in their markets. Among those interested were the New York Times Co., Time Inc., Hearst, CBS and ABC. The massive sell-off was accomplished in just 24 hours last week, when CBS purchased the consumer group for $362.5 million, and Australian Press Lord Rupert Murdoch bought the trade publications for $350 million. Although the cash may have sounded middling by the standards of current Wall Street corporate transactions...
...also doing well. These, combined with such high-rated TV movies as last week's Fatal Vision, have helped the network vault into a strong second position, only three-tenths of a rating point behind CBS for the season so far, and 1.6 points ahead of the sinking ABC...
Tartikoff began to prove he could do better when, at 23, he went to work as director of advertising and promotion at WLS-TV in Chicago. He impressed his boss, Lewis Erlicht (now president of ABC Entertainment), with successful gimmicks like "Gorilla My Dreams Week," a festival of ape movies. Fred Silverman, then ABC'S programming chief, soon hired him, but Tartikoff left after a year to join NBC. Silverman later became president of NBC and promoted Tartikoff to the top programming slot in January...
...Temple University. "I'm going to start with three courses, if I can handle it. Business administration," he said, a useful major. The four golden stars, plus one other celebrity practically as good as gold, will do seven-figure business the next two years, funded mostly by ABC...
...News Anchor Dan Rather, the presidential election was officially over at 8 p.m. E.S.T. when little more than 1% of the votes had been tallied. At ABC, which had vowed in advance to practice "good citizenship" and restraint, Peter Jennings announced a Reagan victory 13 minutes after Rather. NBC, which transformed the rules of political reporting four years ago by proclaiming Reagan's victory over Jimmy Carter while much of the country was still voting, responded to critics by delaying Tom Brokaw's victory decree until 8:30 p.m. At that hour, voting remained in progress...