Corporate Shoot-Out At Black Rock

Laurence Tisch takes control at CBS

The mystery and suspense surrounding the meeting were enough to impress even faithful viewers of the CBS show Murder, She Wrote. For 9 1/2 hours last week the network's 14 directors locked themselves away in 35th-floor chambers at the Manhattan headquarters building, which has come to be known as Black Rock. Their agenda amounted to nothing less than a shoot-out over the future of a communications giant that has been bludgeoned by takeover bids and internal dissension for much of the past 20 months.

CBS Anchorman Dan Rather got word of the outcome just as he was finishing up the network's...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!