Word: ince
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Dates: during 1980-1989
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...first major sale of assets since Time Inc. acquired Warner Communications last July, the merged company agreed last week to shed a subsidiary that had turned out to be a disappointing performer. Time Warner said it will sell its Illinois-based textbook publishing unit, Scott, Foresman, for $455 million to Harper & Row Publishers, which is owned by media baron Rupert Murdoch's News Corp. When it bought Scott, Foresman in 1986, Time paid $520 million and assumed $50 million in debt. Time Warner's losses on the Scott, Foresman investment will total $175 million, which will be written...
Lawrence Taggart. The top thrift regulator in California in 1983 and 1984, Taggart allowed Keating to transfer $800 million in Lincoln's assets to high- risk investments. A month later he resigned from the government to become head of a Keating-controlled enterprise, TCS Financial Inc. Immediately Keating poured nearly $3 million into the business, wiping out the debt of the financially ailing firm. A friend of then FHLBB head Edwin Gray, who became his bitter enemy, Taggart wrote to Don Regan in 1986, calling Gray a "re- regulator" who was having a "very adverse impact on the ability...
...TIME INC. MAGAZINES...
After 17 years as director of the Harvard University Press, Arthur J. Rosenthal announced yesterday that he will leave Harvard in May to become publisher of the Hill and Wang division of Farrar, Straus and Giroux, Inc...
Peterson and Morita have a point. When Australian Rupert Murdoch was taking substantial control of major American media properties (including Metromedia Inc. and 20th Century Fox), little was written about the dangers of media manipulation from Down Under. Reportage focused less on the fact that the predator was Australian (Murdoch has since acquired American citizenship) than that he was Murdoch. Nor did warnings sound when Canada's Thomson Newspapers acquired more than 100 papers...