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The erstwhile Thames TV director and Channel 5 chief has acquired the Hallmark Channel.
1986: Elstein, a man regarded in media circles as a near-genius because he has a university degree, has established a reputation as a militant spokesman for the independent production sector. So he shocks many when he accepts the job of director of programmes at Thames Television - then the biggest programming job in commercial television - at the tender age of 41.
1992: He is part of a young management team that achieves the unthinkable when Thames, the biggest company in the ITV network, manages to lose its London weekday franchise to the unfancied challenger Carlton in the ITV franchise auction. Programming hostile to the Thatcher government - such as Death on the Rock - is partially to blame.
1993: Having lost the ITV franchise, Elstein is heavily involved in a Thames bid to run the new Channel 5. When that also fails, he astonishes the market once more (he is, after all, a current affairs programme ...