Word: inc
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Dates: during 1980-1989
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There is certainly much to question in Saranow's handling of tax cases that the IRS brought against two rivals of Guess. In 1985 Saranow, acting on a tip from Guess, launched a criminal probe of Jeff Hamilton, Inc., a Los Angeles- based company that once made clothes under a license from Guess. A year later Saranow, again relying on information supplied by Guess, got IRS officials in New York City to begin a criminal case against Jordache. At the time, Jordache's founders, the Nakash brothers, were embroiled in a bitter dispute with the Marciano brothers, who founded Guess...
...that TV Guide is in any danger of losing its standing as the nation's premier TV magazine. (Its last serious competitor, Time Inc.'s TV-CABLE WEEK, expired after six months of publication in 1983.) Officials contend that the circulation drop can be explained by an increase in cover price (from 60 cents to 75 cents) and a pruning of some expensive-to-acquire subscribers. Advertising revenue, they add, was affected by last year's TV writers' strike (which delayed the networks' fall promotions) and by the elimination of a long-standing practice in which TV Guide traded...
...TIME INC. MAGAZINES...
...measure comes amid quickening competition in the cable industry as firms battle harder than ever to expand their market share. Last week Home Box Office, a Time Inc. company that operates the largest pay movie network, said it will launch a 24-hour comedy channel this fall as its first basic cable service. Two days later, MTV Networks, a sister of Showtime, the second largest pay movie channel, announced plans for similar comedy programming early next year...
...rivalry hardly stops there. MTV and Showtime are both units of Viacom International, which two weeks ago brought a $2.4 billion antitrust suit against Time Inc.; American Television and Communications Corp., of which Time Inc. owns 82%; and HBO. The action charges the defendants with discriminating against Showtime on cable systems that ATC operates across the U.S. Time Inc. has vigorously denied the charges...