Word: inc
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Dates: during 1960-1969
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...Time Inc.'s Board Chairman Andrew Heiskell, the Coalition's cochairman, underscored the sense of enlightened self-interest that motivates its members...
...preparations for the manned Apollo flight, last week NASA quietly proceeded with two other pioneering programs -the record-breaking test series of the X-15 and the XB-70, respectively the fastest and the heaviest supersonic aircraft in the world. Ironically, both planes were built by North American Aviation, Inc., the company that has borne much of the blame for the January spacecraft holocaust...
...more than two years, New Jersey Real Estate Tycoon Philip J. Levin, 58, tried to topple the management of one of the biggest U.S. movie companies, Metro-Goldwyn-Mayer, Inc. He spent $11,480,000 for MGM stock, eventually bought or controlled 720,000 shares, or 14.3% of the total. He put out at least $800,000 to finance two bitter but unsuccessful proxy fights...
...sold their 720,000 shares of MGM. Of that total, 420,000 were bought at $59 a share by the youthful (38) president of Joseph E. Seagram & Sons, Ltd., Edgar M. Bronfman, in a personal transaction. The remaining 300,000 shares were acquired, at the same price, by Time Inc...
...when he was approached this summer by Levin, who wanted to buy Bronfman's stock or get his aid in another proxy fight. When Bronfman refused both propositions, Levin decided to sell. He will make a pre-tax profit of more than $19 million. For its part, Time Inc. acted independently of Bronfman, bought the stock strictly as an investment. President James A. Linen described the purchase as an opportunity to enter "the rapidly developing technology of the moving image, as well as television programming and the music and record industries in which MGM has important interests...