Word: baron
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...magazines and a daily racing-tip sheet be worth billions of dollars? Maybe so, if the buyer is Keith Rupert Murdoch. Last week the Australian-born press baron agreed to buy Triangle Publications, which puts out TV Guide (circ. 17.1 million), the Daily Racing Form (123,000) and Seventeen (1.9 million), from Walter Annenberg, the California businessman and philanthropist, for $3 billion. While TV Guide may be the undisputed king of television listings and boast the largest circulation of any U.S. magazine, media experts concur that Murdoch is paying a premium price that will add to his already considerable debt...
...police, but Bavarians have a very expensive reason to think twice before uttering any unseemly thoughts. According to a survey by the Munich newspaper Abendzeitung, Bavarians who vilify traffic officers as damischer Bullen (stupid bull) are fined an average of $1,710. Some less costly imprecations include Raubritter (robber baron) at $1,140, Depp (idiot) at $513 and Stinkstiefel (smelly boot), a relative bargain...
...showdown had all the breathless drama that readers of the tabloid New York $ Post (circ. 480,000) have come to expect. Australian-born Media Baron Rupert Murdoch, selling the Post to comply with a federal ban on owning a newspaper and broadcast station in the same city, had threatened to shut down the paper unless unions agreed to $24 million in cost reductions. Murdoch said he needed the cuts to complete the sale of the paper to New York Real Estate Developer Peter Kalikow for $37 million...
...makings of a lurid tabloid tale (as indeed it was), and it cried out to be told in screaming headlines: KILLER AMENDMENT ATTACKS PAPERS. At the heart of the drama was Rupert Murdoch, the saucy conservative press baron known to his critics as "the Dirty Digger," tangling with Ted Kennedy, the controversial liberal Senator tagged "the Fat Boy" in the opinion pages of Murdoch's Boston Herald. Co-stars included three equally colorful New York politicians, who look upon Murdoch's New York Post with a mixture of fear and favor: Daniel Moynihan, the professorial Senator up for re-election...
Washington's drug war received a stunning setback two weeks ago when Colombian Billionaire Jorge Ochoa Vasquez, 38, a reputed drug baron, strolled out of Bogota's La Picota prison armed with a writ for his release signed by a Colombian judge. Ochoa's ruthlessness is legendary; after the coke magnate was arrested in 1984 in Spain at the DEA'S request, threats made against the lives of Americans residing in Bogota became so widespread that U.S. embassy children were evacuated. Extradited to Colombia in 1986 on a bull-smuggling charge, Ochoa was improperly released in August and eluded authorities...