Word: fleetness
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Dates: during 1970-1979
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History was made. Calumet Farm's two entries, Bold and Able and Eastern Fleet, set the early pace. Jim French, moving out from the middle of the pack, was bumped so hard, Jockey Angel Cordero Jr. said later, "that I nearly fell off." Far behind him, Canonero II moved from 18th position and streaked for the outside. At the final turn, Jockey Gustavo Avila cut around the fading front runners and booted Canonero II down the stretch to win going away by 3¾ lengths. Jim French finished second, two lengths ahead of Bold Reason. The Kentucky-bred colt...
London's Fleet Street, the home of most of Britain's national dailies and once the newspaper capital of the world, has fallen on hard times. Just how hard became apparent in March, when the tacky tabloid Daily Sketch (circ. 760,000) announced that it would cease publication. This month, the Sketch will be merged into the troubled Daily Mail (circ. 1,800,000), which turns tabloid this week in an effort to stay alive after 75 years as a standard-size sheet. As a result of the merger, 270 journalists and 1,400 production workers will lose...
Rising production costs and competition from commercial television for advertising are only part of Fleet Street's problem. Thanks to a long tradition of ineffectual management, the newspapers' 40-odd labor unions are able to whipsaw British publishers with wildcat strikes or strike threats close to deadlines that amount to near blackmail. "The unions run our business," concedes Lord Thomson of Fleet, Britain's premier press lord, whose prestigious but money-losing Times is desperate for readers. Adds Thomson: "They even censor our papers...
Fight or Fold. Some of Fleet Street's newer and more modern-minded proprietors, such as Canadian-born Thomson and Rupert Murdoch (TIME, Jan. 12, 1970), are trying to hold the line on budgets and resist union demands. Despite the folding of the Sketch, labor shows no signs of surrendering any of its prerogatives, even at the risk of putting thousands more out of work. Of the "popular" papers, the conservative Daily Express (circ. 3,500,000) and the pro-Labor Daily Mirror (circ. 4,500,000) remain profitable, although both have been losing readers lately to Murdoch...
...Britain today," he says. "It doesn't make sense to have more." Time seems certain to prove him right, and clearly His Lordship hopes the Times will be among the survivors. But unless he can steer it out of the sea of red ink soon, the flagship of Fleet Street just may not make...