If I Were Peter Storer Sr., And/Or If I Sat On The Board Of Directors Of Storer Broadcasting/Storer Communications In The Mid-1980’s; I Would Not Have Approved The Leveraged Buyout Of This Company By The Buyout Firm Kohlberg, Kravis, And Roberts (KKR). I Also Would Not Have Approved Of Storer Broadcasting/Storer Communications Spending More Money And Means Than It Actually Had To Invest In The Medium Of, And Build An Infrastructure For Cable Television.

I would have also suggested that Storer hold onto it’s Radio Stations, some of which are the parents of their Television Stations (WJBK-AM-FM-TV, WJW-AM-FM-TV/WJKW-TV, and WAGA-AM-FM-TV); rather than invest in the overall Medium of, and building an infrastructure for Cable Television.

https://www.washingtonpost.com/archive/business/1985/04/26/storer-board-backs-new-buyout-bid/cfa17926-56bc-4ae9-b1d4-37acb0575c40/