The division producing the lowest rate of return has been the News division with its 98...
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Frank Hackett:
The business of management *is* management. And at the time CCA took control of UBS TV Network was floundering with less than 7% of national television revenues. Most Network programing was being sold at station rates. I am therefore pleased to announce I am submitting to the Board of Directors a plan for the coordination of the main profit centers and with the specific intention of making each division more responsive to management. Point one: the division producing the lowest rate of return has been the News division with its 98 million dollar budget and its average annual deficit of 32 million. I know that historically News divisions are expected to lose money. But, to our minds this philosophy is a wonton fiscal affront to be resolutely resisted. The new plan calls for local news to be transferred to owned stations divisions. News radio would be transferred to the UBS radio division and, in effect, the News division would be reduced from an independent division to a department accountable to Network.
Transcript
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But the business of management is management
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And at the time CCA took control of the UBS TV Network
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it was foundering with less than 7 percent of national television revenues
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most network programs being sold at station rates
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I am pleased to announce I am submitting to the board of directors
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a plan for the coordination of the main profit centers
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And with the specific intention
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of making each division more responsive to management
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Point one
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The division producing the lowest rate of return has been the news division
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with its 98 million budget and its average annual deficit of 32 million
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I know that historically news divisions are expected to lose money
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But to our minds this philosophy is a wanton fiscal affront
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to be resolutely resisted
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The new plan calls for local news to be transferred to owned stations' divisions
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News radio would be transferred to the UBS Radio Division and in effect
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the news division would be reduced from an independent division
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to a department accountable to network
Clip duration: 72 seconds
Views: 296
Timestamp in movie: 00h 16m 19s
Uploaded: 30 November, 2022
Genres: drama
Summary: When veteran anchorman Howard Beale is forced to retire his 25-year post because of his age, he announces to viewers that he will kill himself during his farewell broadcast. Network executives rethink their decision when his fanatical tirade results in a spike in ratings.
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