BC-US--Business Features Digest, US
The business news enterprise package planned through April 16. For comments or questions, call Joseph Pisani at 212-621-1975. For questions about photos, call ext. 1900. For questions about graphics, call ext. 7636. Repeats of stories are available from http://apexchange.com or the Service Desk, 1-800-838-4616.
Eds: JC PENNEY-WHAT'S NEXT; CEO FLAMEOUTS; ONLINE PRIVACY AS ART; CYPRUS-DYING FATHER'S WISHES; SMALLBIZ-SMALL TALK, will be sent Wednesday for use anytime; SMALLBIZ-SMALL TALK; will be sent Wednesday for use anytime.
JC PENNEY-WHAT'S NEXT
NEW YORK â¿¿ There won't be an easy fix for J.C. Penney. Less than two years after turning the reins over to Ron Johnson, Mike Ullman is back to try to undo the damage of a disastrous overhaul that has driven away shoppers. The 66-year-old Ullman has to quickly figure out what parts of Johnson's legacy to keep and what to trash. The overarching question is whether the century-old retailer can be saved at all. By Retail Writer Anne D'Innocenzio.Eds: Sent Tuesday for use anytime. AP photos. With: â¿¿ CEO FLAMEOUTS â¿¿ Ron Johnson's 17-month tenure as J.C. Penney's CEO will go down as one of the biggest flameouts in corporate America. But Johnson isn't the only executive to be pushed out after failing to live up to big expectations. A look at some major ousters in recent times. AP photos. ZERO TV LOS ANGELES â¿¿A growing number of people have had it with TV. They've had enough of the 100-plus channel universe. They don't like timing their lives around network show schedules. They're tired of paying $100 or more a month. Many of them have stopped paying for cable and satellite TV. These "cord-cutters" are watching shows and movies on the Internet. Last month, the Nielsen Co. started labeling people in this group "Zero TV" households, because they fall outside the traditional definition of a TV home. There are 5 million of these residences in the U.S., up from 2 million in 2007. Winning back the Zero TV crowd will be one of the many issues broadcasters discuss at their national meeting, taking place this week in Las Vegas. By Ryan Nakashima.
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