I know that, historically, news divisions are expected to lose money, but to our minds, this philosophy is a wanton fiscal affront to be resolutely resisted.

9 seconds sound clip from the Network (1976) movie soundboard.

You can hear this line at 00:16:57.505 in the Blu-ray version of the movie.

Quote context

[...]

- But the business of management is management.

- And at the time CCA took control of the UBS TV Network it was foundering with less than 7 percent of national television revenues, most network programs being sold at station rates.

- I am therefore pleased to announce I am submitting to the board of directors a plan for the coordination of the main profit centers. And with the specific intention of making each division more responsive to management.

- Point one.

- The division producing the lowest rate of return has been the news division with its $98 million budget and its average annual deficit of 32 million.

- I know that, historically, news divisions are expected to lose money, but to our minds, this philosophy is a wanton fiscal affront to be resolutely resisted.

- The new plan calls for local news to be transferred to owned stations' divisions.

- News radio would be transferred to the UBS Radio Division and, in effect, the news division would be reduced from an independent division to a department accountable to network.

- What was that all about, Ed?

- This is not the time, Max.

[...]

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