Word: ll
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Dates: during 1980-1989
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...acquisitions, from the 1986 purchase of Doubleday by West Germany's Bertelsmann (price: $500 million) to last year's takeover of Macmillan by British publishing magnate Robert Maxwell ($2.7 billion). As early as 1987, Warner Books chairman William Sarnoff quipped at the booksellers' convention in Washington that soon "we'll all just meet at the office of the lone remaining publisher." At this point, according to James Milliot, editor of the industry newsletter BP Report, the top six publishing houses reap 60% of all adult-book revenues, in contrast...
...There's nothing here for me," says Jeffrey Hickman, 18, a Villa Griffin resident. "Only dope, gangs and shooting every night. I'll stay and graduate from school, but there's no way I can make something of myself here. I got to go someplace else, anyplace. Maybe the Coast Guard...
...high- rise apartments overlooking the river and downtown St. Louis. But no work has been done on the project for three years, and the tax-exempt status of the bonds sold to finance it is under review by the Internal Revenue Service. "I'm still optimistic," Officer insists. "We'll haul ourselves up by our bootstraps." But attorney Rex Carr, a lifelong resident of the city, has a dimmer view. "East St. Louis today doesn't even have bootstraps," he says...
...ll have a way to go. Opposition leaders and some L.D.P. members have criticized the choice of Uno, a former member of the faction led by ex-Prime Minister Yasuhiro Nakasone, during whose administration (1982-87) the Recruit Co. helped line politicians' pockets by offering to sell them stock in its real estate subsidiary at reduced rates before it went public. The next chapter of the Recruit scandal may be written when voters go to the polls next month to fill 126 seats in the upper house of the Diet...
...experience he recounts from the period wasformative in molding his commitment to opening upeducational opportunities to Blacks. New YorkUniversity spent eight months filming adocumentary about Watson's school, and the nightit was released, "I'll never forget how I cried,"he says. The reason: "The entire movie was justhorrendous--it just basically said that there wasno talent [at his school], none...