Replaced a number of senior executives and board members; cut out management perks-low-interest loans, company cars, country club memberships)
Divested 300 of 431 businesses and refocused the company on its core television and magazine publishing businesses
Pruned the costs of core businesses, including laying off a number of workers
Paid off $2 2 billion in debt and generated a cash surplus of $1 billion (principally through asset sales)