Word: bannered
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Dates: during 1950-1959
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...case involved the Harte-Hanks Newspaper Group (eight newspapers in Texas), which in 1954 bought the daily Banner in Greenville (pop. 20,000), a northeast Texas county seat boasting the "blackest soil, whitest people." Harte-Hanks increased the size of the paper and its advertising staff, but could not show a profit. Meantime, the moneymaking, family-owned Greenville Herald, faced with this tougher competition, fell into the red. In 1956 the Herald, weakened by losses, was forced to sell out to Harte-Hanks. By the next year the merged Herald-Banner (circ. 8,694) was making money...
Into that situation moved the U.S. Department of Justice's antitrust division, charging Harte-Hanks with conspiring to restrain trade. The chain, said the government, intentionally operated the Banner at a loss and used revenues from its other newspapers to finance the loss. Harte-Hanks lawyers argued that free competition, not a conspiracy, had made Greenville a one-newspaper town. Greenville, they said, is too small to support two dailies. Last week in Dallas U.S. District Judge T. Whitfield Davidson dismissed the antitrust suit against Harte-Hanks. Said Judge Davidson: "Justice Holmes has said that...
...Publisher W. J. Valentine of California's Antelope Valley Ledger-Gazette (circ. 6,612) the news was significant, and he printed it. AIR FORCE FORECASTS ACTIVITY DECLINE AT PALMDALE AIRPORT, read the Page One banner headline. The story below quoted Air Force officials who said employment at the facility on the edge of the Mojave desert, 60 miles north of Los Angeles, would be reduced from 3,542 to 1,972 by late...
...annual winter home-furnishing and appliance show last week, 45,000 buyers, salesmen and manufacturers from 11,483 firms started writing orders for the new year and swapping predictions about the future. Consensus: with the economy very definitely on the upbeat, U.S. retail sales in 1959 should post a banner year. Said one Washington discounter, who ordered $1,000,000 worth of goods and reports a 35% jump in sales for the first eight days of 1959: "Last year the buyers at the show were all just walking around looking, with long faces-this year they were all smiling...
WORLD SCOOP, blared a Page One banner headline announcing Mailman Noel Barber's series on "a war nobody knows about." To gather the "whole wicked story" in Tibet, Barber (TIME, Jan. 13, 1958) and Fellow Mail Correspondent Ralph Izzard trekked 200 miles along the rugged Nepal-Tibet border with four Sherpa guides and 40 coolies, who carried their six tents, snow boots, whisky, double-lined sleeping bags, tinned food, drugs and 4,000 French cigarettes. For serious Tibet experts, Barber's panting prose about the guerrilla warfare between Chinese Communists and Tibetan warriors brought guffaws. But then Adventurer...