Word: buyer
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...Boston Herald in spite of Senator Kennedy," he said, vowing that he would sell his small Boston TV station if necessary. Murdoch is not, however, willing to give up his New York station, which serves as a flagship for his fledgling Fox network. If he cannot find a buyer for the money-losing Post or overturn the ban on extending waivers, he will be forced to shut down the paper by March...
...East Hotel. According to the Distilled Spirits Council, the vodka martini, though spurned by purists, is now the most popular drink in the nation's capital. Its appeal has helped boost vodka imports from 51,000 gal. in 1976 to 5 million gal. today. At Bloomingdale's in Manhattan, Buyer Susan Davis cannot keep martini sets in stock. "I'm telling all manufacturers to get busy," she says. "We can move as many as they can make...
ALTHOUGH the Herald, which made $1.5 million last year, is not the struggling paper Murdoch bought in 1982 and could certainly attract a buyer, Kennedy well knows that few would maintain it as a spirited conservative voice in a city that lacks them...
Despite its 500,000-plus circulation, the paper lost nearly $10 million last year. According to published reports, experts predict no buyer may come forward for the paper which employs 1300 people...
...crash, which merely wounded Wall Street's stronger firms, was a staggering blow for the weakened Hutton. "The events of the last few weeks have altered the conditions under which we compete," said Rittereiser. "Prudence requires that we pursue this course." The most likely buyer may be Shearson Lehman Bros., which offered some $1.6 billion for Hutton a year ago. Now the price may be much lower: an estimated $1 billion. Several other firms, among them Dean Witter and Merrill Lynch, are said to be talking with Hutton. One possibility is that the company's departments will be sold separately...