CSN Houston Sale Would Affect 75 Jobs CBS Nixes Rihanna From "TNF" Opening Francesa Claims CBS Threatened Lawsuit Media Notes Red Wings To Unveil Latest Drawings Of New Arena "MNF" Overnight Down Despite Late Win ESPN.com Set To Unveil Site Redesign Sources: Epix Producing Winter Classic Series Dodgers To Air Final Six Games For Free Phillies Extend Radio Deal With CBS
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Published May 24, 1995
Capital Group Companies, Inc., one of the largest institutional shareholders in CBS Inc., declined to vote its 6.22% stake in favor of management's slate of directors. Gordon Crawford, the Capital Group fund manager who oversees most of their media investments, is said to believe that CBS Chair Laurence Tisch "dismantled what was once a great communications empire, and that the company could be performing far better" (WALL STREET JOURNAL, 5/24)....With the Stars out of the NHL playoffs, ratings in the Dallas-Fort Worth area for last Sunday's Flyers-Rangers game dropped to 0.9 -- the lowest among cities with NHL franchises (DALLAS MORNING NEWS, 5/23).... The Baseball Network's Mike Trager says that TBN has signed more than 30 advertisers -- nearly double last year's total, with a dozen more possible. Trager argues that ESPN's 32% ratings drop-off isn't an adequate indicator for TBN's regionalized coverage. Trager: "Local baseball ratings aren't off anywhere near ESPN's numbers (Mike Heistand, USA TODAY, 5/24)....Nintendo, NBC and Blockbuster will join together on an estimated $5M fall promo to push Nintendo's new 3D "Virtual Boy" system, drive retail traffic at Blockbuster and hype NBC's fall lineup (BRANDWEEK, 5/22).