Word: holte
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Dates: during 1960-1969
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...process of education," CBS Chairman William S. Paley has been tardy in joining the emerging knowledge industry. Last week Paley announced that CBS was enrolling at last by buying out-in a deal involving an estimated $275 million in CBS stock-Manhattan's venerable publishing house of Holt, Rinehart & Winston...
...acquisition of Holt will give CBS a prime spot in the knowledge industry, which is largely based on corporate partnerships that wed electronics and the printed word so as to participate in the U.S.'s education explosion. Since 1965, Raytheon has bought Boston's B.C. Heath, Xerox has assumed control of the Wesleyan University Press, and RCA, parent of CBS's great rival, NBC, has taken over Random House, is also diversifying in other ways (see following story). Time Inc. and General Electric have gone into a fifty-fifty partnership in a new firm called General Learning...
...various times, CBS has looked over Curtis Publishing Co., held inconclusive talks with the Boston textbook house, Allyn and Bacon. With Holt, the indirect approach proved more successful. Holt President Alfred C. Edwards was caught by surprise last September when CBS paid some $19 million for the stock held by his biggest (10.8%) shareholders, Texas Entrepreneurs Clint and John Murchison. Upset at the time, Edwards since has warmed to the idea of CBS's rich (1966 sales: $815 million) corporate shelter...
...dive, red-headed Bill Murphy pulled one of the upsets of the year. The sophomore came within 13 points of topping 1966 junior national champion Holt Maness...
...Holt Maness ranks eighth nationally in the dive; he was Junior National champion last year...