Word: australian
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Dates: during 1990-1999
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...Kimihito, 47, also owns the ski resort of Steamboat Springs, Colo., which the Kamoris bought last year for a reported $110 million. The elder Kamori has not confined his interest to the slopes. Besides owning amusement parks and golf courses in Japan, he has converted an Australian farm to a wildlife sanctuary, earning him the nickname Mr. Koala...
Even supporters got nervous as Murdoch exploited permissive Australian accounting rules to run up $8 billion in corporate debt (vs. assets worth perhaps $20 billion), much of it short-term and in need of frequent refinancing. But Murdoch continued to insist to stockholders that "fortune does favor the brave." Says Steve Rattner, head of the media department at the investment bankers Lazard Freres: "Of all media moguls, Rupert has been the boldest. If Fox or Sky had crashed and burned, he would have burned too. He has an enormously strong constitution...
Like almost every other media company, News Corp. has responded to a softening ad market with consolidations and cutbacks. Murdoch deferred construction of newspaper printing plants in two Australian cities, delaying capital costs of about $500 million, and folded two money-losing afternoon newspapers there into morning counterparts to save $20 million a year. He closed a proposed U.S. magazine, Men's Life, after a single test issue. Says Murdoch: "Newsstand sales were not enough to justify having any more issues, and it didn't grab...
...years he was one of Britain's most respected newspaper editors, first of the Sunday Times of London and then of the daily Times. But in 1982 Harold Evans was forced out after a much publicized clash with the paper's new owner, Australian-born press mogul Rupert Murdoch. Last week the media wheel of fortune took an ironic turn. In a shake-up that had the New York City publishing world abuzz, Evans was named publisher of Random House, the nation's largest producer of trade books. Among his first assignments: editing the memoirs of Rupert Murdoch...
...million bottles last year, up 75% since 1982. Thinking they had priced the bubbly too cheaply, vintners are raising wholesale prices 20% or more. But some champagne makers fear that the trend may price French brands out of the party market, since consumers can turn to new Californian and Australian varieties...