TELEVISION: IS CBS SUNK?

FROM ITS PRIME-TIME COLLAPSE TO A NEW 60 MINUTES FLAP, THE NETWORK'S WOES JUST KEEP ON MOUNTING

THE DECISION CAME SWIFTLY AND with little drama. CBS shareholders, in a meeting last Thursday at New York City's Museum of Modern Art, voted overwhelmingly to approve a $5.4 billion buyout offer from the Westinghouse Electric Corp. Before the vote, however, chairman Laurence Tisch had to face the usual gauntlet of indignities. One disgruntled stockholder rose to celebrate "being liberated from the Tisch regime." Another castigated the chief executive's record and said he had "presided over the destruction of CBS as a cultural and educational leader." (Tisch defended his decision to sell off the record and publishing divisions and said CBS...

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