Word: alicia
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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...
...scenario writer in all of Hollywood could have handled the scene better. More than 200 guests were clustered around the pool at California Governor Ronald Reagan's home in Sacramento. Suddenly, little Alicia Berry, the seven-year-old daughter of one of the Governor's employees, slipped and fell into the pool. Out of the crowd darted none other than the former movie star himself. Fully clothed, Reagan dived into the pool and returned the sputtering child to her mother. Said Reagan, who spent seven summers as a lifeguard in his childhood home, Dixon, Ill.: "I never take...
...about food stamps? the women were asked. "More trouble than they're worth," answered Molly. On the days they are issued, stores jack up prices. Besides, not enough are passed out each month. "By the eleventh and 25th of each month," said Alicia Escalante, an attractive Mexican-American with five children, "we are forced to feed our families rice, beans and other starches. Hidden hunger and periodic starvation appear in at least half the families of our community...