Word: parentes
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...company less than one-third its size, Capital Cities Communications, for $3.5 billion. The chairman of the merged company, Thomas Murphy, has since trimmed 615 of 14,900 jobs. In June, General Electric absorbed front-running NBC (1985 advertising revenues: $2.7 billion) by purchasing the network's parent, RCA, for $6.3 billion. GE Executive Robert Wright will take over as NBC's president and CEO this week; he is expected to launch his own austerity program. The biggest factor in broadcast television's changing climate is that the networks no longer enjoy the hefty automatic annual increases in advertising rates...
...about efforts to jazz up -- critics said trivialize -- the division's approach to reporting the news. As discontent grew, a group of senior CBS journalists, including Anchorman Rather, 60 Minutes Executive Producer Don Hewitt and Commentator Bill Moyers, made an offer to buy the news division outright from the parent company. They were told it was not for sale...
...Stern. The case has touched off widespread debate: Is the womb a rentable space? Should the use of a surrogate mother be a legitimate option for couples who cannot have children? Or is it an odious trade in babies? While the Baby M. case is not the first surrogate-parent dispute to end up in the courts, Judge Sorkow's eventual ruling is expected to set a precedent governing the enforceability of such contracts...
Accordingly, school districts, foundations, law-enforcement authorities and parent groups are shaping more thorough programs. The National Institute on Drug Abuse figures 72% of the nation's estimated 45.3 million elementary- and secondary-school students are being offered some kind of drug education, but sometimes it may amount to only a paragraph in a health textbook. The U.S. Department of Education's funding for drug education has been so tiny that no one has kept track of it. The department, however, is now considering a $100 million program...
...heated maneuvering continued. People Express Chairman Donald Burr later said the parent company had canvassed "every other available alternative," including the possible sale of Frontier to other parties. Eventually, rumors began to grow that Newark-based People, which only five years ago threw the entire passenger-airline industry into a tailspin, might itself be quietly on the backroom auction block...