Word: foresman
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Dates: during 1980-1989
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...first major sale of assets since Time Inc. acquired Warner Communications last July, the merged company agreed last week to shed a subsidiary that had turned out to be a disappointing performer. Time Warner said it will sell its Illinois-based textbook publishing unit, Scott, Foresman, for $455 million to Harper & Row Publishers, which is owned by media baron Rupert Murdoch's News Corp. When it bought Scott, Foresman in 1986, Time paid $520 million and assumed $50 million in debt. Time Warner's losses on the Scott, Foresman investment will total $175 million, which will be written...
...concept of "worry." "It has no place being studied in the classroom," wrote the Gablers. The American Way rebuttal: "This objection is a dogmatic statement with no basis in education theory." The Gablers disapproved of an entire chapter of an eighth-grade civics book published by Scott, Foresman & Co. because of "an unnecessarily large amount of pictures of people protesting." The Gablers argue that "this is not an attitude most parents would want their children taught in school." Counters PFAW: "The United States was founded on protests. We find it ironic that people who make a living protesting would object...
...than a handful of winners are necessary to avert a full-scale depression in the book business. Some major corporations that backed publishing in the '60s and '70s, hoping for a big score, are pulling out. RCA sold Random House; CBS jettisoned Fawcett Books; textbook giant Scott, Foresman abandoned William Morrow. And the film studios, whose pictures often earned outsize profits for paperback tie-in editions, are equally cautious. A seven-figure property like Gay Talese's Thy Neighbor's Wife has yet to make it to the screen. Currently, the odds are against its ever...