Word: inked
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Dates: during 1970-1979
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...Ink. Although the paper lost $5,000,000 in 1971, the parent Herald Traveler Corp. could always post a healthy profit, at least until last year, thanks to some $6,000.000 in annual net income from its television station WHDH. (Declining TV revenue in 1971 caused a net loss for the company of $310,000.) The really damaging blow came in January, when the Federal Communications Commission took away the corporation's TV license in order to diversify local media ownership. The corporation had fought 24 years for clear title to the license in a complex, oft-contested case...
Loss of the station loosed a flood of red ink. In a recent letter to stockholders, President Harold Clancy said: "Our newspaper property generates substantial cash losses that cannot be supported in its present form by our remaining resources." Large stockholders who live outside Boston and hold a controlling interest are understood to favor liquidation. Local shareholders want to keep the paper going. Through layoffs and early retirements, the Herald is reducing the staff by 150. "We are exploring many alternatives," says Clancy...
...ink had hardly dried on Kate Millett's paperback contract and Book-of-the-Month Club sale of Sexual Politics, when U.S. publishers began pressing pens into the hands of feminist radicals, hoping for a rich marriage of commerce and cultural revolution. Scores of nonfiction titles have already resulted, with scores more to come. Predictably, most of these creations were hotly and hastily done by Women's righters who are not, alas, women writers. Hardly any can compare to the majestic range and mastery of the few earlier classics on the subject, Simone de Beauvoir...
Pray for Cash. The failure has been most conspicuous in Washington. Richard Nixon, who in the past has zealously denounced federal deficits, now admits that he is likely to run up the biggest three-year red-ink totals that the U.S. has ever experienced outside of the World War II period: an estimated $87 billion for fiscal years 1971 through 1973. The President argues persuasively that the deficits are necessary to spur a lagging economy. Even so, he has felt obliged to limit some programs that his Administration earlier had labeled top priority. For instance, the Labor Department has kept...
Gehlen turned the gentleman's avocation of spying - Sir John Master man still compares it to cricket - into big business. But Hohne and Zolling argue that, despite all his thermos-flask cameras and secret, secret ink, he still couldn't keep up with the times. Forced into retirement in 1968, he sat in his study on Lake Starnberg with a death mask of Frederick the Great looking down and wrote his memoirs (due out later this year) rather like Buffalo Bill after the frontier went thataway. For spying, like everything else, has gone automated...