Word: chained
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Dates: during 1940-1949
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...Philadelphia Record . . ." It was in February 1947, during a Newspaper Guild strike, that Publisher J. David Stern abruptly sold his Record, two Camden (N.J.) newspapers and a radio station for $12 million to the rival Philadelphia Bulletin. Pot-bellied Publisher Stern retired to a Manhattan penthouse to chain-smoke Optimo Dunbar cigars and dictate his memoirs. But son David III ("Tommy"), now 39, itched to get back in the business, ranged far & wide seeking a good buy. He found it in New Orleans. For $2,000,000, which his father helped him pay, Tommy last week bought the New Orleans...
...your story on the founder of the J.C. Penney chain [TiME, June...
Lord Kemsley, owner of Britain's biggest newspaper chain (22 papers), testified: "The notion that I sit at my desk examining every piece of news as it comes in and saying 'publish this' or 'don't publish that' ... is too fantastic . . . [But] of course I am consulted and give decisions." Lord Beaverbrook, a lusty battler for free enterprise and Empire first, snapped: "I run my papers [Daily Express, Evening Standard] purely for the purpose of making propaganda ... On the few occasions when [my editors] have had different views on an Empire matter to myself...
Despite its size, the Du Pont chain of command which Tom Clark wanted to dismember was simple. The Du Pont family controls the Christiana Securities Co. (TIME, Feb. 21), a holding company in which anyone can buy stock (current bid price: $3,050 a share). Christiana Securities Co., plus other holdings of the Du Pont family, control E.I. du Pont de Nemours & Co. In turn, Du Pont controls General Motors Corp. through its 10 million shares of G.M. stock. Du Pont and G.M. together own Kinetic Chemicals, Inc., a maker of refrigerants; G.M. and Standard Oil Co. (N.J.) own Ethyl...
...townsfolk who don't mind cash & carrying from Penney's to save dollars. This habit of year-in & year-out buying at Penney's has built the company, which has stores in every state, into the third biggest U.S. retail chain. Last year, only Sears, Roebuck & Co. and Montgomery Ward & Co., Inc. sold more goods than J. C. Penney, which rang up a whopping $885 million gross and a $47.8 million...