Word: ackermans
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Attempting to reverse its sliding fortunes, the Curtis Publishing Co. last week got down to business by electing a new president: Martin Ackerman...
Aside from the recent acquisition of Popular Library, a paperback book company, Ackerman has had no publishing experience. His business is the salvation of troubled firms. A native of Rochester and a graduate of Syracuse University and Rutgers Law School, he became a partner in the New York City law firm of Cooper, Ostrin, De Varco & Ackerman in 1957, specializing in mergers and acquisitions. In 1962, he decided to try his own hand at the business. He bought controlling interest in Perfect Photo Inc., later merged it with three other firms: United Whelan Corp., a drugstore chain; Hudson National...
Post Possibilities. Ackerman was called in by Curtis because it had been unable to meet its bank-loan payments in March. To get an extension of its $12,170,000 loan from its creditors, chiefly the First National Bank of Boston, Curtis had to agree to a change in management and a definite plan to revitalize the company. Ackerman, who had been closely following Curtis' troubles, offered both of these. In addition, he is lending the company $5,000,000 for operating expenses. As a result, the banks agreed to extend the Curtis loan, much of which will...
...Ackerman has not yet said publicly what his plans are, but he has indicated that he plans to deal decisively with the company's biggest money loser, the Saturday Evening Post. One course of action he has discussed with Curtis is discontinuing the magazine; another possibility is removing it from competition with LIFE and Look and aiming it at a less urban, less sophisticated audience. Its present 6,800,000 circulation could then fall to a more comfortable level. With the Post problem settled, Curtis' outlook would brighten markedly. The company's other major magazines-Ladies...
...What they get for their $40 tuition is eleven 2½-hour seminars, including screenings and analyses of TV pilot films. Dozier also gives the floor to big-name guest lecturers whose castigations and confessions are reminiscent of scenes from Nurnberg or a Moscow purge. Screen Gems' Harry Ackerman, one of TV's hottest hit makers (Dennis the Menace, Bewitched, The Flying Nun), conceded that the only hope for quality programming is a fourth network, run by Washington. Another visiting professor, Lee Rich, TV vice president of the Leo Burnett ad agency, said that there is nothing original...