Word: deale
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Dates: during 1940-1949
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Last week, George McCullagh, now 43 and cocky as ever, closed another newspaper deal. For $3,610,000, he bought the 72-year-old Toronto Evening Telegram.* That gave him control of two of the three big daily newspapers in Canada's second city, with a total circulation...
...tough first with Toronto's Liberal Star (circ. 369,276), longtime rival of the Telegram, and Canada's biggest newspaper. The Star charged that the Telegram had lost its independence and that McCullagh was a front man "for outside influence and ownership." McCullagh snapped that the Telegram deal was his own. "That fellow Hindmarsh [Harry Comfort Hindmarsh, Star president]," he roared, ". . . is so ugly that if he ever bit himself he'd get hydrophobia...
...biggest financial attraction for Benny is a whopping tax reduction: incorporated as a business enterprise, he is subject only to a capital gains tax (25%) on the deal, instead of a much higher (up to 77%) personal income tax. CBS confidently hopes to capture the rest of NBC's Sunday evening lineup: the Phil Harris-Alice Faye show (because Harris is also a feature of Benny's show) and Edgar Bergen (to keep the successful bloc intact...
...Young and Fair (by N. Richard Nash; produced by Vinton Freedley in association with Richard Krakeur) deals with life at a fashionable junior college for girls. And there's considerable life to deal with, for behind its trim ivied walls Brook Valley harbors more problems than an arithmetic book...
...angry as a loser in a sharp horse trade, the U.S. aluminum industry last week focused its wrath on the Economic Cooperation Administration. The U.S., said the industry, was getting the short end of a very sharp deal...