Networks launch a rival to Nielsen service
Article Abstract:
Long suspicious of the way Nielsen Media Research Inc. counts TV viewers, the four major television networks have decided to spend more than $60 million to launch a rival ratings service to be called Statistical Research Inc. CBS, ABC, NBC and Fox are also being supported by major advertising agencies and cable companies in their endeavor to create new ratings company. Networks have complained that Nielsen frequently miscounts viewers, for example, by not counting those watching TV events in bars. However, it is suggested that as TV viewing has diminished in recent years, the effort may represent an attempt by the networks to make the situation seem less bad.
Comment:
Four big TV networks create a ratings service, Statistical Research, after complaints of Nielsen
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Norfolk Southern plans to cut service, delay for months breakup of Conrail
Article Abstract:
Amid mounting service woes and congestion in the railroad industry, Norfolk Southern Corp. announced it plans to cut service to some cities and to postpone for months the $10 billion breakup of Conrail Inc. The planned delay comes just after the Surface Transportation Board gave its final approval of the deal which allowed Norfolk Southern and CSX Corp. to acquire Conrail and split up its lines between them. However, Norfolk and CSX have promised the board that they will have new information systems and labor agreements in place before they implement the splitting-up of Conrail. The delay will deprive the two railroads of much anticipated freight revenues.
Comment:
Breakup of Conrail lines to be postponed while Norfolk & CSX first deal with industry congestion
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Manville CEO helped banish lawsuit trauma; after long asbestos battle, goal set of doubling growth within 5 years
Article Abstract:
Johns Manville Corp. contended with asbestos lawsuits that drove the Denver-based building products company to file for Chapter 11 protection against bankruptcy in 1982. By 1988 the company had formed a trust to pay for the claims freeing the company to carry on with business. Now it is proceeding with a plan and acquisitions under the leadership of Jerry Henry, formerly with DuPont. Acquisitions scheduled to be completed by year's-end are the perlite-insulation manufacturing assets of GAF Corp.'s Building Materials Corp. of America and Hoechst AG's Spunbound/Monofilament unit.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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