Word: distributor
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Dates: during 1950-1959
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...Canada. To do so, we joined the S-M News Co., an organization already set up to handle the relationship between member publishers and independent wholesalers, thus ending our contract with a national distributor, the American News...
Three years ago the U.S. Department of Justice took out after American News Co., biggest U.S. wholesale magazine distributor, and its subsidiary, Union News Co., biggest newsstand vendor. American, the Government charged in an antitrust suit, used its newsstand subsidiary as a weapon to grab exclusive national distribution rights for magazines, and Union (at American's direction) refused to sell any publication without American's consent. To end this restraint of trade and discrimination against publishers, the Justice Department went to court to force American to give up its control of Union News...
...Percy D. O'Connell retired as president but will remain board chairman and consultant. Critical of sagging sales and profits (last year's net was down $2,251,155 from 1952), Garfinkle and associates spent millions to gain stock control of the company, biggest U.S. magazine distributor. Victor D. Ziminsky will stay on as president of the firm's wholly owned subsidiary, Union News Co., which runs newsstand and restaurant concessions as well as Manhattan's Rockefeller Plaza skating rink. As a boy, Garfinkle helped support his widowed mother by selling papers to Staten Island ferry...
Died. Josiah Willard Hayden, 81, president (since 1937) of the $70 million Charles Hayden Foundation (founded by his bachelor brother, Wall Street Financier Charles Hayden), distributor of some $20 million of the foundation's money for the "well-being, uplifting and development of boys and young men"; of injuries suffered in an auto accident; in Arlington, Mass...
...Before the Massachusetts Commission on Communism, she said that she never formerly resigned from the Party, nor has she modified her beliefs. The Commission's repjort said that she "admitted that she had held various offices in branches of the Communist party, had been chairman, secretary, treasurer, literary distributor of various branches at various times in New York State and in Massachusetts...