Word: dealing
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Dates: during 1990-1999
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...came to the U.S. to study English and learn about the American publishing industry. At a 70th-birthday bash for Si Newhouse, he mentioned to the birthday boy that if Advance were ever interested in selling Random House, Bertelsmann would be interested in buying. A week later the clandestine deal, code-named Project Black, was under...
Into the current Sturm und Drang comes the Bertelsmann deal. "The decision of what is on the shelves is in the hands of a few," laments Paul Aiken, executive director of the Authors Guild. "This is consolidation in a major and disturbing way." Industry alarmists are concerned that advances are sure to dwindle when BDD and Random House are no longer competing for books. Bertelsmann disagrees. "I've heard much concern about advances in the past six years," says new Random House head Olson, "and they have only moved in one direction." North. Facing his critics, he says...
...could have exceeded $100 billion. That's enough petrodollars to get otherwise reluctant countries to negotiate, including OPEC members Saudi Arabia and Venezuela, and non-OPEC Mexico. Their plan: cut back production to firm prices. And OPEC's tried-and-true remedy may work again. News of a pending deal pulled prices up to almost $17 a barrel last week. The market response indicates confidence that the exporters will make their cuts stick. And if they don't, prices will fall again...
...this is a deal no one wanted to make. Saudi Arabia, the world's largest producer, didn't care to cut production in support of prices only to end up merely making room for others to capture its business. Venezuela, on a high-octane drive to double production within a decade, was not about to cut back unless non-OPEC countries shared the pain.That insistence reflects reality: OPEC accounts for only 55% of total world crude-oil exports. In fact, the second largest exporter is nonmember Norway...
John and Patsy Ramsey have broken their long silence on the murder of their daughter JonBenet and are talking at length to a London production company that plans to air an hour-long documentary on Britain's Channel 4. Producer David Mills is also discussing a deal that will get the show aired in the U.S. Mills and his partner, University of Colorado journalism professor Michael Tracey, bill the interview as a no-holds-barred session, in which no questions went unanswered. If so, this will be remarkable, given the Ramseys' reluctance to talk to anyone, including the Boulder, Colo...