Word: programing
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Dates: during 1980-1989
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With those words he finally settled the question that had titillated the television world for years: Who would succeed Walter Cronkite, the best-known and most respected broadcast journalist of his era? Some time next year Cronkite's program will be rechristened the CBS Evening News with Dan Rather, and like Cronkite, he will have the title of managing editor. Uncle Walter, 63, who chose to stay out of the selection process for his successor, plans to continue as anchor at least through the presidential inauguration next January. "I've inaugurated every President since Harry Truman," he said last week...
...profitable soon. Because news audiences are up by some 7 million viewers, the networks can charge advertisers more for commercials. Of course, costs have also risen (each network will spend upwards of $130 million on coverage this year, more than double the figure in 1975), but information programming remains far cheaper to produce than the entertainment variety. Consider the case of 60 Minutes: a one-hour installment typically brings in $1.6 million in advertising revenue but reportedly costs only $275,000 to produce, less than half the average cost of an hour-long entertainment program. Besides, as network executives...
...still anathema to the vast majority of economists and White House policymakers, a rising chorus is beginning to demand their imposition. Senator Edward Kennedy has centered the economic proposals of his presidential campaign on a six-month wage and price freeze. Barry Bosworth, who directed the Carter inflation guidelines program for two years, now favors mandatory controls. Even a number of conservatives are reluctantly swinging toward controls. Brookings Institution President Bruce MacLaury now supports wage and price restrictions, and Wall Street Banker Henry Kaufman says controls can make a "marginal contribution" in fighting inflation. In a CBS-New York Times...
...corn and that of a herdsman at six gur (56.25 bu.). The Roman Emperor Diocletian in A.D. 301 published official price lists that included artichokes and transportation by camel; any gougers were executed. The most recent American experience with general controls was President Nixon's 1971-74 program of freezes, followed by varying degrees of restraint...
...goods or store them rather than sell-at a loss. Mammoth and costly bureaucracies soon tell the corner pharmacist how much to charge for aspirin or a gas station owner whether he can give his mechanic an extra $5 a week. In the U.S., the World War II controls program required 60,000 full-time officials, plus another 300,000 volunteer price checkers...