Sagansky later held the reins at TriStar Pictures when he moved there as president of production and later overall president in the late 1980s, overseeing production on such popular features as "Peggy Sue Got Married" (1986), "Look Who's Talking," and "Glory" (both 1989). In 1990 Sagansky moved back to the world of TV to assume the post of president of CBS Entertainment. He helped the network out of a slump of several years, in which it was running third in the ratings (including the 1989/90 season, its worst ever), to its former position at number one. In the spring of 1994 Sagansky announced he was leaving the job to seek new challenges, with speculations including a return to feature film production as well as a venture capital fund at CBS which would handle outside investments. He later joined Sony Corp. of America as executive vice president. In September 1995, Sagansky was named as interim head of Sony Interactive Entertainment. The following year, he was appointed as co-president (with John Calley) of Sony Pictures Entertainment (SPE). He resigned from that post in February 1998 stating that the "clear understanding of what my role is has been changed." But he wasn't out of work for long; within three months, Sagansky was appointed as president and CEO of the Florida-based Paxson Communications.