Thomas Murphy, one of the giants of the media industry from the ’70s into the 2000s whose career was a literal business school study has died.
Lawrence Cunningham wrote in his book “Berkshire Beyond Buffet,” that, “in 40 years at the head of CapCities, Murphy and Burke developed a set of principles — decentralization, hiring the best possible people and giving them autonomy and imposing rigorous cost controls.”, its total headquarters head count was 12 people — with no public relations department. A BusinessWeek reporter who called the switchboard once the deal was announced asked to speak with the company’s PR.
“He was a fun guy. We [knew each other] for 33 years. His older brother was a classmate of mine at Harvard Business School. I met him when he got back from Korea. He was a great partner.”Before ABC, however, Capital Cities made another big purchase when in 1968 it acquired the-then Fairchild Publications, which doubled the size of the company.
Murphy’s own father came from a large Irish-American family and was the sole member of it to attend college. He served in World War I, then went to Fordham Law School at night and became a very successful attorney. Murphy, who was credited with making ABC Television more profitable through his cost-cutting measures, is in the Television Hall of Fame and, in May 1995, received an award at the Literacy Volunteers of New York City gala at Lincoln Center. Murphy and his wife Suzanne were saluted for their “commitment to education and literacy.”
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