Word: alicia
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Dates: during 1970-1979
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...voiced policy is to hold good. Cronin's ad should be removed from the Crimson for the duration of the waitresses' strike. Natalie Reid '74 Hal Landy '72 Matthew Spence '73 Frederick Well '73 Pat Glynn '73 Laurie Schafer '73 Charlie Cumming '73 Katherine Shea '74 John Tooly '74 Alicia Landman '74 Stephen Lewontin...
...World War II went into naval aviation and rose to the rank of captain. By then he had already founded Newsday with an investment of $50,000 in 1940; the paper grew into a vast success in no small part because of the brilliant direction provided by his wife Alicia Patterson, who was its editor and publisher until her death in 1963. Guggenheim carried on for a while alone, then with former L.B.J. Aide Bill Moyers as publisher, until last May, when he sold his 51% interest in Newsday to the Times Mirror Co., publisher of the Los Angeles Times...
When word of the imminent sale of Long Island's Newsday first leaked to the press (TIME, March 23), the main opposition came from six minority stockholders (49%), all heirs of the late Alicia Patterson Guggenheim. Emotionally committed to Alicia Patterson's strong sense of local identity and control, they were not eager to submit to absentee landlordship. Last week the majority stockholder (51%), Captain Harry Guggenheim, announced that he had indeed sold, for a reported $33 million. "I believe," said the Captain, that the sale "will assure the independence of Newsday." Said Joseph Albright...
...sell at all? The answer: A conservative, Guggenheim was disappointed by the liberal drift the paper had taken under his hand-picked heir apparent, Publisher Bill Moyers. Ailing at 79, the Captain also wanted to ensure that the six heirs of his late wife would not gain control. Alicia Patterson was the force behind the paper for two decades following its founding in a converted garage in 1940 on $50,000. Despite her efforts to gain control of the paper in an increasingly hostile marriage, the Captain would never yield to her the all-important 2% of the stock. Newsday...
...anxious to divest himself of the paper, and Chandler is anxious to buy, to the extent of a reported $75 million worth of Times Mirror stock. The rub: Minority Stockholders Joseph Albright (Newsday's Washington bureau chief) and Alice Albright Hoge, the heirs of Mrs. Guggenheim (Alicia Patterson), were balking. At Newsday itself, at least 124 reporters and editors signed a petition protesting the sale...