DailyTimeCapsule brief
December 12, 1991
On December 12, 1991, a significant business development unfolded in the American media landscape as it was announced that WFAN-AM, known for its influential sports programming, would be sold for $70 million. This transaction marked a pivotal moment in the evolution of sports radio, highlighting the growing popularity of this niche entertainment. Meanwhile, the American film industry welcomed new leadership with the appointment of a new chief executive, signaling shifts in creative direction amid a burgeoning film market. As the Cold War came to an end, political and economic discussions were ongoing in Washington, focusing on the implications of these changes for American society. This era was marked by advances in technology and business, including a growing interest in miniatures as artists known as miniaturists showcased their skills, creating intricate, small-scale artworks that captivated collectors and enthusiasts alike.
Key developments
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In the imaginative setting of Renee T. Wilson's unfinished Victorian mansion, a unique collaboration unfolds among passionate miniaturists who are meticulously crafting detailed scenes. Notable pieces in progress include an etched glass depiction of St. George battling a dragon, a garden room featuring a functional fountain, and exquisite horn furniture planned for the billiard room. Wilson has declared this venture as her life's work, emphasizing her dedication to creating miniature wonders that reflect art and history.
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American Film Technologies has appointed Joseph M. Taritero as the new president and chief executive, starting December 15. This change comes after Robert L. Glaser, the former president, transitions to the role of vice chair. The company, known for its work in colorization and computerized animation, aims to strengthen its leadership in an evolving entertainment industry.
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WFAN-AM, known as New York's first all-sports radio station, was sold for $70 million following financial struggles faced by its owner, Jeffrey H. Smulyan. Smulyan, also the chairman of Emmis Communications, had acquired the Seattle Mariners MLB team two years prior, which contributed to his financial constraints. The sale marks a significant shift in the ownership of a key player in the sports media landscape, reflecting the challenges of maintaining profitability in broadcasting.
