During the majority of his tenure at WTVJ, Renick reported directly to Mitchell Wolfson. He was, in fact, believed to be the only news director in local American television news to report direct to a station owner rather than a station's general manager. As a result, Renick had unprecedented authority before Wolfson's death.
After the acquisition, KKR began to structure WTVJ's newsroom differently in the more traditional way of the 1980s with multiple persons in management, and slowly stripped Renick of that authority, making it uncomfortable for him to continue within his unique role as the station's top anchor, editorialist, news director,and Vice President for News. As a result, Renick made the preemtive decision to resign on his terms rather than be forced out by KKR.
In March 1985, Renick appeared for the last time on WTVJ, telling his audience "It is my decision, effective tonight, to step down as vice president and news director of WTVJ, and also relinquish my duties as newscaster/editorialist on this program." At the time, he did not announce what his plans were. He simply told viewers "I thank you for being the most supportive TV news audience anyone could ever hope to have." He ended his run on the station with his traditional sign-off, "Good night and may the good news be yours," but then added these three words: "... and hopefully mine."
Within six weeks, Renick announced he would be a candidate in the 1986 race for Governor as a Democrat. He spent $100,000 of his own money on his failed gubernatorial bid before quitting the race after six months.
In 1988, Renick returned to the air once again, after signing a multi-year contract with WCIX Channel 6 (now WFOR) to do a nightly commentary called "The Ralph Renick Report." As his health began to fail, Renick officially retired in September 1990.
Read more about this topic: Ralph Renick
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Famous quotes containing the word retirement:
“Douglas. Now remains a sweet reversion
We may boldly spend, upon the hope
Of what is to come in.
A comfort of retirement lives in this.
Hotspur. A rendezvous, a home to fly unto.”
—William Shakespeare (15641616)
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—Jeremy Taylor (16131667)