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MURPHY, THOMAS
S.
 Thomas S. Murphy Photo courtesy of Thomas S. Murphy THOMAS
S. MURPHY. Born in Brooklyn, New York, U.S.A., 31 May 1925.
Cornell University, B.S., 1945;Harvard University, M.B.A., 1949.
Married. Served in U.S. Navy. Executive positions with Kenyon &
Eckhardt, 1949-51; with Lever Bros. Co., 1951-54; with Capital Cities
Communications, Inc., New York City, from 1954, executive vice-president
1961-64, president, 1964-72, chief executive officer, 1966-90, chair
from 1966; initiated acquisition of Triangle Broadcasting, 1971;
initiated merger with ABC to form Capital Cities/ABC, 1986; member
of board of directors, General Housewares Corp., Texaco, Inc., Johnson
& Johnson, and IBM Corporation. Address: Capital Cities/ABC Inc.,
77 West 66th St., New York, NY 10023-6201.
U.S. Media Executive
Thomas
S. Murphy was chair and chief executive officer of Capital Cities/ABC,
Inc. until 1996 when Disney bought the company and Murphy retired.
Murphy built Capital Cities/ABC, Inc. into a multibillion dollar
international media conglomerate. In addition to leading Capital
Cities from its days as a small television holding company to its
present position as a media empire, Murphy distinguished himself
as a responsible corporate citizen by emphasizing public service.
After
service in the U.S. Navy, a Harvard MBA, and five years at Kenyon
& Eckhardt and Lever Brothers, Murphy began his broadcasting career
with a little help from his father's friends. The legendary broadcaster,
Lowell Thomas, and Thomas's business manager, Frank Smith and a
few other investors started Hudson Valley Broadcasting. They needed
a station manager and turned to their friend's ambitious son.
In
1954, at the age of 29, Murphy assumed duties as the first employee,
the station manager, at WROW-TV in Albany, New York. This station
and its sister radio station, WROW-AM were the Hudson Valley Broadcasting
Company. It took nearly three years of red ink before the station
saw a profit. As the company evolved into Capital Cities and eventually
into Capital Cities/ ABC, Inc. it consistently made money. One share
of this company in 1957 would have cost $5.75. In 1996, it would
be worth more than $12,000.
In 1960, chair Frank Smith moved Murphy to New York City, as executive
vice president of Capital Cities. In 1964 Murphy was named president.
With Smith's death in 1966, Thomas Murphy became chair and chief
executive officer. Three cornerstones of Murphy's management philosophy
included fiscal responsibility, de-centralized local responsibility,
and social responsibility. Additionally, he always tried to hire
people smarter than himself. Murphy attributed much of his success
to what he learned from Smith.
For
the next two decades Murphy led Capital Cities during a time of
fantastic growth. In 1985, Capital Cities became the minnow that
swallowed the whale when it announced that it was merging with the
highly visible ABC. At the time this was the largest merger of media
companies in history. Capital Cities/ABC reclaimed this record about
ten years later when it merged with the Disney Company.
Murphy
will be remembered not only for his business acumen and ability
to grow Capital Cities, but also for his firm belief in the importance
of public service. In 1961, the company received national attention
and a Peabody Award for its non-profit, exclusive television coverage
of Israel's trial of the Nazi war criminal Adolf Eichmann. Murphy
and Capital Cities continued that level of dedication to public
service throughout the early years of the company and into the era
of Capital Cities/ABC, Inc. This commitment is evidenced in the
significant role that the company played in the public service campaigns
to "Stop Sexual Harassment," PLUS Literacy, the Partnership for
a Drug-Free America, and others. The company also practiced significant
internal and external public service with its own Substance Abuse
Assistance Program, Corporate Diversity in Management skills bank,
Management Initiatives Program to expand minority representation
in editorial management, Broadcast Management Training Program for
women and minorities, the Advanced Management Training Program for
Women, the Women's Advisory Committee, the Capital Cities/ABC Foundation
and the Volunteer Initiatives Program that serves as a clearinghouse
for volunteerism.
-Guy Lometti
FURTHER
READING
Forbes,
Malcolm S. "Mighty CEOs Who are Also All-round Nice Guys are Rare."
Forbes (New York), 11 December 1989.
Gibbs,
Nancy. "Easy as ABC." Time (New York), 14 August 1995.
Hawver,
W. Capital Cities/ABC The Early Years: 1954-1986 How the Minnow
Came to Swallow The Whale. Radnor, Pennsylvania: Chilton, 1994.
Landler,
Mark. "Creators of the Big Deal, Capital Cities' Tandem Team." The
New York Times, 1 August 1995.
Roberts,
Johnnie L. "The Men Behind the Big Megadeals." Newsweek (New
York), 14 August 1995.
West,
Don. "Broadcaster's Broadcaster" (interview). Broadcasting &
Cable (Washington, D.C.) 13 November 1995.
See
also American
Broadcasting Company
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