Word: hearsts
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Such moves, together with the growing value of many Newhouse newspapers and magazines, have led some analysts to estimate that the family holdings may now be worth more than twice what they were in 1979, or some $3 billion. By comparison, Hearst Newspapers, the next largest family-held concern, has an estimated total value of some $1.3 billion...
WILLIAM RANDOLPH HEARST Los Angeles, Calif...
Only three months ago, Patty Hearst was a quiet,, comely heiress to a famed publishing fortune who spent much of her time preparing for her intended marriage to Steven Andrew Weed, 26, a graduate philosophy student. Kidnaped on Feb. 4 by the obscure revolutionary band that grandiosely calls itself an army but is more of a ragtag platoon, she seemed close to release two weeks ago, after her family started a free-food program for the Bay Area's needy and aged that the S.L.A. had demanded. Then she stunned her family and friends by announcing that...
City Lights (United Artists). It is almost a law in publicity-loving Southern California that the two greatest personalities there present shall hobnob while the press & public loudly cheer or jeer. Usually this means William Randolph Hearst and whatever foreign personage happens to be visiting Hollywood. But last week it meant Charles Spencer Chaplin and Albert Einstein. All of Hollywood's police reserves turned out one evening to make tunnels through the populace so that Mr. Chaplin could escort Dr. Einstein and a party of scientists to see the first new Chaplin film in two years...
Even so, if the past few years have been mortally difficult for second papers-only 29 cities still have fully independent, competing dailies-they have been almost as perilous for the second wire service. U.P.I.'s longtime owners, the Scripps and Hearst newspaper chains, were anxious to sell; they were absorbing annual losses of up to $7.7 million. At times it seemed that newspapers kept buying U.P.I, just to maintain a competitor for A.P. (which draws 1,299 of the 1,704 U.S. dailies, vs. 629 for U.P.I.). Says Executive Editor David Lawrence of the Detroit Free Press...