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| 1975 |
|
Westinghouse sued by 27 utilities after reneging on uranium supply
contracts. Sells Econo-Car car rental agency and 45 percent stake in French nuclear-plant
builder Framatome. |
|
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| 1976 |
|
Company sues Gulf and 28 other uranium producers, alleging illegal
cartel. Phases out mail order and record club business and plans to exit TV tube and
pre-stressed concrete businesses. |
|
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| 1977 |
|
Broadcasting division introduces "Evening Magazine" and
"I-Team" investigative reports. |
|
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| 1978 |
|
Douglas Danforth named vice chairman and chief operating officer. Public
Service Electric & Gas, of New Jersey, cancels off-shore nuclear plant order. Receives
its last domestic plant order from Commonwealth Edison, which was later cancelled. |
|
|
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| 1979 |
|
Estimates total costs of uranium supply lawsuit settlements at $949
million pretax and $493 million after-tax. Devotes full page of 1979 annual report to
country's dependence on foreign oil. Three Mile Island and "The China Syndrome"
frame debate about nuclear energy. |
|
|
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| 1980 |
|
Reaches out-of-court settlements with uranium producers. |
|
|
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| 1981 |
|
Acquires Teleprompter Corp., a large cable television operator. |
|
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| 1982 |
|
Sells 50 percent interest in Showtime. |
|
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| 1983 |
|
Acquires robotics maker Unimation, and sells lamps business and 50
percent interest in Satellite Network News. |
|
|
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| Chapter 2:
Sue Me, Sue You Blues |
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