Word: antitrusters
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Actually, the reason was far less sentimental. The two parties could not settle problems arising from an antitrust decree which will split Warner's moviemaking and theater-owning operations. The deal collapsed when the Lurie group refused to give a written guarantee that it would assume responsibility for any penalties growing out of the antitrust suit...
...size of the deal, than by the fact that it marked the first mass abdication of a Hollywood dynasty in the face of many troubles now besetting moviemakers-television, falling box-office receipts, soaring costs. The Warners, along with other moviemen, have even more troubles. Under an antitrust decree they must divorce their movie-making from their theater operations. Faced by all this, the Warner brothers were getting out while the getting was good...
...vice president and running all the company's production. During World War II he supervised Alcoa's $300 million expansion, in addition was put in charge of the $450 million worth of plants run by Alcoa for the Government. In the Government's 14-year-old antitrust suit against Alcoa (TIME, Jan. 29), Vice President Wilson was the company's main witness...
...Pont grown too big? The U.S. Government seems to think so. Though it relies on Du Pont's size to build the plant for H-bomb components, the Government keeps trying to cut it down by antitrust suits. Since the original 1912 "powder trust" suit, the Government has brought 20 antitrust prosecutions against Du Pont. The score to date: civil cases-one conviction, one dismissal without trial, one consent decree; criminal cases-one acquittal after trial, one quashed, two nol-prossed, seven nolo contendere. Now six antitrust cases are pending...
...markets, flying Christmas mistletoe from Dallas to Manhattan, Texas okra to Detroit's big colony of Southern workers. Last year, after complaining to CAB that airmail-subsidized American and the big boys were still harassing his unsubsidized line, Slick slapped a $30 million suit on them, charging antitrust violations. After that, he says, they let him alone...