Word: hearsts
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Dates: during 1980-1989
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Created in February 1984, when the three-year-old ARTS network (a co-venture of ABC and the Hearst Corp.) acquired the programming of the defunct Entertainment Channel, A&E is in the midst of a major push for viewers and visibility. During the first three months of this year, the network is introducing 45 new programs or series and has launched a multimillion-dollar national advertising campaign to promote them. More than 12 million cable homes now receive some or all of A&E's 20-hour-a-day schedule, usually as part of their basic cable service. Though...
...block last month, there was no shortage of eager bidders. Ziff-Davis, a subsidiary of the Ziff Corp., was offering for sale twelve consumer magazines and twelve technical and travel publications, most of them leaders in their markets. Among those interested were the New York Times Co., Time Inc., Hearst, CBS and ABC. The massive sell-off was accomplished in just 24 hours last week, when CBS purchased the consumer group for $362.5 million, and Australian Press Lord Rupert Murdoch bought the trade publications for $350 million. Although the cash may have sounded middling by the standards of current Wall...
Every Sunday the Hearst newspapers and other journals which subscribed to Universal Service published an article by a well-known foreign political figure...
...Come on,' he would say. 'Your Mr. Hearst is a billionaire, nicht wahr...
...include a high-technology typesetting company and a pending hotel-and-office complex (started as a joint venture with Zuckerman) on U.S. News's 3.5-acre headquarters site in Washington. The directors, all employees themselves, felt obliged to seek bids and heard from more than 40 companies, including Hearst, Gannett and other media giants. Despite the magazine's modest and uneven record of profits and a 13.4% decline in advertising pages in the first quarter, Zuckerman offered $3,000 per share, more than seven times the price at which the company valued its stock a year...