NEW YORK (AP) — Laurence A. Tisch, who took control of CBS in the face of a hostile takeover but whose tenure was marked by accusations that he had tarnished the network's reputation, died Saturday. He was 80.
Tisch, a self-made billionaire who also helped found the Loews Corp., was suffering from cancer, said Candace Leeds, a Loews spokeswoman.
From 1986-95, Tisch served as chief executive officer and chairman of the board of CBS Inc., a period when the "Tiffany Network" saw its nightly newscast fall to third place and lost NFL football to the upstart Fox Network.