As the head of Capital Cities Communications, he oversaw his company's blockbuster acquisition of ABC, then merged the business with Disney a decade later.
A Harvard Business School graduate with a low-key personality and methodical approach to business, Mr. Murphy helped reshape the nation’s broadcasting and entertainment landscape in the late 20th century, growing Capital Cities from a floundering television station in Albany, N.Y., into a Wall Street darling that controlled dozens of TV, radio and publishing properties.
Instead of tossing him onto the streets of Manhattan, Goldenson approved of the proposed acquisition, trusting Mr. Murphy to keep ABC intact at a time when the network was running third in the ratings and attracting the attention of potential buyers who, like Mr. Murphy, believed they could streamline the network and restore it to dominance.
“How many fewer people do you need to do your job,” they would ask, “and what projects can you postpone?” “I’m very happy we made the deal. Unfortunately, I’m going to be unemployed,” he joked in a 1995 interview with Broadcasting & Cable, a trade publication. “You know what my plan is? I’m going to become a character actor at Disney.”Thomas Sawyer Murphy was born in Brooklyn on May 31, 1925. His father, a lawyer, was active in Democratic politics and became a justice of the state Supreme Court.
“I always had on my desk a sheet of the people I would like to make deals with,” he recalled. “I went and saw them all. That’s how we built the company.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Remembering Thomas S. Murphy, Media LegendThomas S. Murphy ran Capital Cities Communications, former owner of WWD, and was a driving force behind one of the most successful media companies in history.
Leer más »
Tom Murphy, longtime Capital Cities/ABC Chairman and CEO who oversaw merger with Disney, dies at 96Murphy served as Chairman and Chief Executive Officer of Capital Cities/ABC for 30 years and oversaw its merger with The Walt Disney Company.
Leer más »
Tom Murphy, longtime Capital Cities/ABC Chairman and CEO who oversaw merger with Disney, dies at 96Murphy served as Chairman and Chief Executive Officer of Capital Cities/ABC for 30 years and oversaw its merger with The Walt Disney Company.
Leer más »
Giants tee off on rookie left-hander Thomas Szapucki, blast MetsEvan Longoria homered twice and Joc Pederson hit his fourth in two games as the Giants went deep four times in the first two innings off rookie Thomas Szapucki and routed the Mets 9-3 on Wednesday. LGM
Leer más »
Police: Details of fatal shooting at Thomas Circle have grown murkyDetectives have not ruled out suicide, and police said it is possible the shooter acted in self defense.
Leer más »
Brittney Griner's wife tells ABC she wants WNBA star homeBrittney Griner's wife Cherelle wants President Biden to secure her partner's release, doing whatever is necessary to get the WNBA star home from Russia.
Leer más »