Thursday, April 10, 2014

Midnight encomium

For those who noticed the news that the actor known as Stephen Colbert is jumping over to take over the Late Show once David Letterman retires.

The broadcaster Colbert is jumping over to is, in legal fact, the corporation formerly known as Westinghouse, founded by George W. himself and based in Pittsburgh for more than a century. Note that what most call Westinghouse today is really just what was once the Westinghouse Nuclear subsidiary of the much larger parent company, and today owned by the Toshiba Corporation of Japan. The corporation known as Westinghouse bought whole the CBS Corporation in 1995 in a transaction many thought pure folly. In what became at least a symbolic reverse merger, Westinghouse decided to become CBS, and eventually shed all of its now extraneous industrial divisions. Someone didn't read that stick to the knitting memo and much of Pittsburgh's economic history was incidental and collateral damage.

Thus the question, is Colbert Colbert?  Not far from the question is CBS CBS?


Anonymous marketdiamond said...

add a trifecta, was Michael Jordan, Michael Jordan? Especially relevant in 1995 when both the Chicago star & the Westinghouse CEO were weekly news leads nationally.


After Comcast bought NBC/CNBC/MSNBC/Universal I've often thought how cool it would've been if Westinghouse stuck it out and both the NBC & CBS family of networks had corporate parent HQ in Pennsylvania cities.

Friday, April 11, 2014 8:54:00 AM  
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Monday, July 20, 2015 11:29:00 PM  

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