Word: corp
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Dates: during 1960-1969
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...local TV and radio stations and thus threaten "the free exchange of information and opinion." Last week, in an unprecedented ruling, the FCC denied renewal of the license of Boston's WHDH-TV, which is owned (along with AM and FM radio stations) by the Herald-Traveler Corp. Taking over the CBS-affiliated channel will be Boston Broadcasters Inc., a consortium of 30 Boston businessmen and Cambridge intellectuals...
Harold Clancy, president of the Herald-Traveler Corp., which has operated WHDH-TV since it came on the air in 1957, reported himself "shocked but undismayed" by the ruling and expressed confidence that it would be overturned by the U.S. Circuit Court of Appeals. Until the court acts, the newspaper will retain control of the station...
Carrying signs and accompanied by drum and bugle corp bands, the marchers started out from East Cambridge at 9 a.m. Saturday. As they wound through the streets the parade picked up additional marchers. The march was organized by the Greater Boston Committee on the Transportation Crises and by the Cambridge City Council...
...particular, will show total profits for 1968 of about $900 million, up from $843 million the year before. Nonetheless, profits as a percentage of sales dropped off. Imports squeezed profits by putting downward pressure on steel prices. To hold on to its markets, for example, even U.S. Steel Corp. resorted to some unaccustomed price discounting. If, as appears likely, the Japanese and European cutbacks produce firmer prices, domestic steelmakers will have to admit that the voluntary agreements were better than nothing-although they are likely to continue demanding mandatory quotas...
...glance at investment statistics might suggest that 1968 was a vintage year for mutual funds. Most of them outperformed the market and, overall, the assets of 300 U.S. funds grew a healthy 22%, from $45 billion to $55 billion. Of 307 funds surveyed by Manhattan's Arthur Lipper Corp., 285 did better than the Dow-Jones average of 30 blue-chip industrial stocks, whose average 4.3% growth barely kept abreast of inflation. Altogether, 238 funds topped the 9.4% gain of the New York Stock Exchange's index of all its 1,249 common stocks...