Word: fairfaxes
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Only 16 months earlier, we had replaced our existing Australian edition with TIME AUSTRALIA, a joint venture between Time Inc. and John Fairfax & Sons, one of that country's leading publishers (the Sydney Morning Herald, The Age in Melbourne). Since then the venture's ten-member, Melbourne-based editorial staff has combined TIME's weekly coverage of world events with added stories about Australian politics, business, social issues and culture. Assessing our progress, Hawke said, "This is already TIME with an Australian accent...
Similar despair was hitting small companies all over America. EZ Communications, a Fairfax, Va., broadcasting company with 15 radio stations, was expecting to raise $22 million in an initial public offering scheduled to take place the day after the market crash. Said Company President Alan Box: "These plans are now on hold for 60 days, six months, perhaps forever. We'll have to find other means of financing growth...
...ever. Gore was born in Washington and spent much of his childhood on Embassy Row in the Fairfax Hotel, where his parents had an apartment. He fondly remembers climbing onto the roof and hurling water balloons down on the cars on Massachusetts Avenue. He was an honor student and captain of the football team at the patrician St. Alban's School. He met Tipper (a childhood nickname; her real name is Mary Elizabeth) at his St. Alban's graduation party. John Davis, who taught Gore church history, remembers him as the straightest arrow in the quiver, someone whose only evident...
...Fairfax (1986 revenues: $597 million) owns 53 newspapers and 79 magazines, including several other U.S. publications, and publishes jointly with Time Inc. the Australian edition of TIME. Steinem and Carbine will stay on for five years as consultants. Said Steinem: "This is the best thing for the magazine and for the women's movement...
...reason for choosing Fairfax, according to Steinem, was its women executives. The president of the firm's U.S. division is Sandra Yates, 40. Says she: "I absolutely believe we can make money on Ms." Anne Summers, 42, a well-known Australian feminist, will be the new editor in chief. Their initial goal for Ms.: a 35% increase in circulation, to 650,000, within five years...