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Andrew HeiskellAndrew Heiskell
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Session:         Page of 824

Heiskell:

Translate it or do it in a similar way, something like that, even though we recognized that we had to have an Italian editor. Then the other reality that we ran into in TV was the political reality of nationalism, and essentially the people in those countries don't want any foreign domination of television. And that's been the story now all the way around the world--probably now breaking down.

We escaped disaster because, by some fluke, our Hong Kong station--the sell of our share of the Hong Kong station--made up for practically all the losses of all the other TV ventures.

Q:

And they were losses because of what?

Heiskell:

Because either the partnership fell apart, or, in Brazil, for instance, by the time we got the project going and we were half-half partners with a Brazilian publisher--because of the technicality of the law, we owned the land and the building and shared in the profits but didn't control the programming. But we taught Mr. Marenko how to run, how to create a television network. By the time--after about four five years of work, it got into the black, and suddenly we found that we were being tossed out of the country. And I strongly suspect that Mr. Marenko had a hand in getting the government to toss us out. We got our money back, but we didn't get back four or five years of work. And that little venture now makes something like 60 or 70 million dollars a year, of which we get nothing.





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