Word: beaton
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Dates: during 1970-1979
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Last week U.P.I. President Roderick Beaton announced a plan to put his wire service back in the black by ripping a page from A.P.'s ticker: turning U.P.I. into a cooperative of sorts. U.P.I. has invited more than 100 of its largest newspaper and broadcasting clients to become limited partners in the wire service. Under the scheme, Scripps and Hearst would retain 10% of the new company and stay on as managing partners. The remaining 90% would be sold in 45 shares, and no single client could own more than 10% of the firm. If successful, the restructuring would...
Though quasi-journalistic sidelines account for 15% of U.P.I. revenues, most of the proceeds from the sale of stock will go toward improving news coverage, and competition with A.P. should heighten. "We feel strongly that the country needs two vital news services," says Beaton. Alas, U.P.I. last week was unable to upstage its rival on one major story, though it definitely had the edge on inside information. Because of a Securities and Exchange Commission rule that prohibits a company from advertising a stock offering, U.P.I. could not report news of its forthcoming partnership sale...
...Niemans from abroad are: Graeme H. Beaton from Australia; Khen V. Chin from Malaysia; Tomas O. Dillen from Sweden; Dominique Ferry from France; Michael H.C. McDowell from Northern Ireland; Michael McIvor from Ontario; John S. Mojapelo from South Africa; Sabam P. Siagian of Indonesia; Donald J. Woods from South Africa; and Royston J.A. Wright from Sierra Leone...
Hunting down photographers for a new ad campaign, Designer Bill Blass figured, why not the best? So he persuaded Sir Cecil Beaton, 73, to end his three-year retirement. Last week Britain's grand old man of photography dusted off his cameras to shoot two models decked out in creations Blass calls "very romantic, à la Moulin Rouge." Highly positive about his negatives, Beaton says: "I shall continue to do a lot more. This was just the beginning." What made him agree to the project? "They were two very pretty dresses and two very pretty girls...
...final teams share a $1000 prize, but most students compete for honor and practice, Beaton said...