Word: ince
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Dates: during 1970-1979
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Bernard Reis, 80, Painter Theodores Stamos, 54, and Anthropologist Morton Levine, 53-and his dealers, Marlborough Gallery, Inc. of New York. Alleged purpose of the conspiracy: to "waste the assets" of the estate, which consists of 798 paintings, valued by one expert witness at $32 million...
Last week General Electric Co., the U.S.'s largest electrical-equipment manufacturer, joined the trend. G.E. announced that it plans to acquire Utah International Inc., a large but little-known San Francisco-based mining company (1974 sales: $500 million) that has extensive reserves of coal, uranium and other natural resources in the U.S. and abroad. GE plans to pay about $ 1.9 billion in stock for Utah International...
...Rittenhouse Square and an art collection worth about $100,000. As a respected reporter for the Detroit Free Press, he had won an American Bar Association award. Most important, he was the millionaire grandson and a presumed heir of John S. Knight, 81, founder of the Knight-Rider Newspapers Inc., the chain that includes some 35 daily papers, such as the Detroit Free Press, the Miami Herald and the morning Philadelphia Inquirer, as well as the News. Unknown to most of his friends, the chunky bachelor was also a homosexual who frequented the nearby "merry-go-round" area...
According to Halberstam, the man most interested in the bottom line is CBS Inc. Chairman William S. Paley. In the early days of TV, Paley gave his news team free rein and approved a plan to expand the evening news. But as television audiences-and the cost of advertising-grew, the inevitable drive to improve profits led Paley to increase the number of popular entertainment shows. The distinguished weekly documentary See It Now with Edward R. Murrow, for example, was often shunted from one time slot to another and finally canceled. Paley, says Halberstam, found it too controversial...
...qualify as Canadian magazines under the new bill, and thus afford advertisers the advantage of a tax deduction, they would have to be 75% Canadian-owned, show editorial content "substantially" different from their parent editions, and demonstrate that their editorial control is in the hands of Canadians. Time Inc. has been prepared to meet the 75% ownership rule, and the company last spring produced a sample issue of a newsmagazine that devoted 41% of its space to Canadian news, instead of the present 12% to 15%. But in October, newly named Minister of National Revenue Jack Cullen, who would...