Word: barone
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Stern paid slightly more than $55 million in cash for the Manhattan-based paper, approximately what Press Baron Rupert Murdoch had been asking. Murdoch, who acquired the Voice, New York magazine and New West in 1977 for $16 million, decided to sell the 30-year-old weekly two months ago. The paper (circ. 150,000) made about $5 million profit before taxes last year...
...lunch period. "Teenage drinking is definitely the biggest problem we now have in our schools," says Peggy Sapp, executive director of Informed Families of Dade County, Fla. "It's not just the idea of going out to have a drink. Now they are going out to get drunk." Linda Baron, a Miami drug-abuse specialist, says, "Sometimes we wonder which comes first: poor grades, poor relationships with families and low self-esteem, or teenage drinking problems...
Television and newspaper historians, take note: the date that Australian Press Baron Rupert Murdoch, whose holdings span three continents, set in motion the negotiations that would alter his empire (not to mention his passport) is March 28, 1985. Murdoch was paying his first visit to the Hollywood studios of 20th Century-Fox, half of which he had just bought from Denver Oil Tycoon Marvin Davis. As it happened, John Kluge, the billionaire chieftain of Metromedia Inc., was also on the lot that day to attend an investment conference...
Ewing won the Adolph Rupp player-of-the-year award, though it is possibly just as well that Kentucky's bigoted baron is not around anymore to vote on who can play basketball. As Ewing was introduced for his final college game, a banana peel hit the floor of Lexington's Rupp Arena with a sickening whap. It seemed barely to miss slapping him, though he appeared not to notice. The Washington Post stopped recording this ritual when it ceased being news. "Bananas have been thrown at Ewing in at least ten games this year," Reporter Michael Wilbon says. Illiteracy...
...name Barry Diller--to turn things around. But meanwhile the losses keep on mounting: $85 million in the last fiscal year, $12.4 million in the last quarter for which there are figures. So what does this desperate tycoon do? He sells half the shop to an Australian press baron, whose very name, Rupert Murdoch, causes grown men to shiver with fear and occasionally loathing. The studio is saved...