|
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| 1984 |
|
Westinghouse sells educational and language product operations and
industrial fan business. Board approves 2-for-1 stock split and raises dividend. |
|
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|
| 1985 |
|
Company announces pending sale of Group W Cable operations for $1.7
billion in cash. Starts construction on first waste-to-energy plant. Raises dividend. |
|
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| 1986 |
|
Sells Muzak, acquires independent TV station in Los Angeles. Adopts new
strategy to increase growth at financial services subsidiary. Completes buyback of 20
percent of common stock for $1.6 billion. Raises dividend. |
|
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| 1987 |
|
Acquires radio stations in Sacramento and Chicago, an electrical
equipment manufacturer and an engineering and waste-disposal concern. Financial services
unit reports record net income of $115 million,16 percent of total corporate earnings.
Announces final shutdown of East Pittsburgh operations. Raises dividend. |
|
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| Chapter 3:
Money, It's a Hit |
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