The New York Times - A Brief History

By the early eighties, before the markets take off, there is a real sense of disillusionment. The bull got fatter from nineteen eighty four to nineteen eighty seven. Leveraged byouts and other bybacks, took more than two hundred and fifty billion worth of stock out of the market,. driving demand up further for what remained. Between july nineteen eighty two and july nineteen eighty six, the doo had doubled. It was around then as though a switch flipped. Suddenly, news divisions of publish networks couldn't just get by on breaking eve; they had to make as much money as any other part of the entertainment industry....