Word: astors
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...Dolce Vita (Fellini; Astor) is ambitious, sensational and controversial. Acclaimed in Europe as "the greatest Italian film ever made," it has also cooked up Italy's sizzlingest scandal since the lurid Wilma Montesi case. L'Osservatore Romano has damned it as "indecent" and "sacrilegious"; Communists have hailed it as an "unmasking of corrupt bourgeois society...
...Manhattan offices of the Vincent Astor Foundation, the visitor from Washington had some difficulty drafting his personal check for $2,000,000: "I didn't know how the hell to add zeroes after the two million, so I just wrote 'Two million dollars' and went squiggle-squiggle with the pen." This, he explained as he handed foundation officers the check, was an earnest of his intent to pay $8,985,000 for the block of stock they had for sale. And so, with a squiggle-squiggle, Philip L. Graham, 45, president of the Washington Post and Times...
...Astor Foundation had been looking for someone like Graham since the 1959 death of Philanthropist Vincent Astor, when Astor's 179,700 shares, amounting to a 59% controlling interest in Newsweek, passed to the trust. Eager to sell Newsweek, the foundation promptly, though privately, began hunting a buyer. Among the handful of serious bidders was Newsweek Board Chairman Malcolm Muir, 75, who hoped to enlarge his family's 13% toe hold on the magazine with the Astor shares. But Graham's offer of $50 a share (which was about 24 times the magazine's earnings...
...Meanwhile he had dispatched Post Managing Editor Alfred Friendly to Rome to secure a pledge from W. Averell Harriman. U.S. roving ambassador and an early Newsweek backer, to sell Graham Harriman's 13% Newsweek holding. Then, with Doubleday & Co., Inc. his only remaining competition, Graham helped the Astor trust officers make up their minds by offering hard cash, one-third of it borrowed from a New York insurance company. Getting Newsweek may ultimately cost Graham $15 million, since he has also offered to buy the other 81,620 shares not held by the Astor Foundation...
Harvard suffered its first defeat of the afternoon when Steve Astor (147) lost to Tag Geer, 5 to 2. After the Crimson lost in the 167 and 177-pound divisions, the varsity's early 12-3 lead, piled up on wins by Tony Woodfield (123), George Doub (130), and Bob Kolodney (157), was seriously threatened...