Word: hearsts
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...Clark considers the News the crown jewel of the company, bidders seem more enticed by ENA's highly profitable television stations in Washington, Tucson, Oklahoma City, Austin and Mobile. (ENA also owns nine newspapers in California and New Jersey, and radio stations in Detroit.) Rumored potential suitors include CBS, Hearst, Washington Redskins Owner Jack Kent Cooke, the Tribune Co. and Wesray Corp. (headed by former Treasury Secretary William Simon). Another major contender is considered to be the Gannett Co., the country's largest newspaper group, which reportedly bought a block of 20,000 shares last week...
...Dallas, Houston and Boston. The price tag is $2 billion, making the acquisition the second largest in broadcasting history. (First place belongs to the $3.5 billion takeover of ABC by Capital Cities Communications in March.) The new owners will immediately sell Metromedia's Boston outlet, WCVB-TV, to the Hearst Corp. for $450 million. Murdoch and Davis will end up with six stations that reach one out of every / five U.S. households, thus providing a potent market for Fox movies and programs. Together, the two men harbor an ambitious dream: to become major players in American television and develop their...
...time Kluge talked to Murdoch and Davis, he had agreed to sell the Boston outlet to Hearst. Murdoch did not mind losing out on that station (among other things, it would have forced him to sell his Boston Herald). The major sticking point was Kluge's reluctance to include New York's WNEW-TV in the deal. "It justified the whole package to us, that New York was there," Murdoch told TIME. When Kluge relented and agreed to give up WNEW-TV, "normal negotiating," as Murdoch calls it, commenced...
Despite the author's early myopia about wealth and poverty, her book is an astonishingly candid war diary of will vs. psychosis and despair. True, the record glistens with names: William Randolph Hearst, Constance Bennett, the Prince of Wales and, of course, a parade of Vanderbilts and Whitneys. But they are the literary equivalent of sequins on an evening dress. Once Upon a Time is no clothbound gossip column, and its heroine is not the triumphant lady of the commercials, with shiny eyes and fixed grin. She is the buried child of long, long ago, still eager to please, still...
...Iacocca, 60, is now achieving another, more ephemeral sort of American miracle: he has become an industrial folk hero in a supposedly postindustrial age and, more improbably still, a corporate capitalist with populist appeal, an eminence terrible admired by working class and ruling class alike. Not since William Randolph Hearst has there been a tycoon who has occupied the national imagination as vividly as Iacocca...