The late Pamela Harriman, British-born U.S. ambassador to France, went through money faster than husbands, and her amazing social and political skills stood in stark contrast to her investing acumen. She also spent lavishly on herself. Alas, she didn't die smartly either. Some stations have changed hands three times. No, says Evergreen ceo Scott K. Ginsburg.
Stations succeed only on the virtue of their programming.