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Lorenzo claims that Continental's wage rates were more than just burdensome. His high-cost airline simply could not compete with the low-cost carriers. An unforeseen consequence of deregulation had given the new, nonunion airlines an important cost advantage over the old ones, and Lorenzo believed that he had no choice but to take drastic steps to reduce Continental's costs. Says he: "Some very, very brutal things have happened to this industry. I have the job of trying to steer through some stormy waters." But if Continental is successful in breaking its union contracts through bankruptcy...

Author: /time Magazine | Title: Bitter, Deadly Dogfights | 10/10/1983 | See Source »

...differences between the Senate and House bills. In addition, Democrat Fernand J. St Germain of Rhode Island, chairman of the House Banking Committee, said that he would bottle up the IMF bill unless the Administration persuades the Republican-controlled Senate to act on an unrelated bill on low-cost housing...

Author: /time Magazine | Title: Trouble at the Credit Union | 10/10/1983 | See Source »

...company is also working on a simple, low-cost version of its best-selling Apple IIe. The Apple IIe would compete directly with the cheaper model of the IBM PC, which may be introduced next month...

Author: /time Magazine | Title: Now No. 2, Apple Tries Harder | 9/26/1983 | See Source »

...April, when Time Inc. launched TV-CABLE WEEK, many analysts predicted that cable operators and their subscribers, although accustomed to low-cost program guides, would be ready to buy the information-packed, four-color magazine, which retailed at $2.95 a month. The expectations were wrong: Time Inc. announced last week that TV-CABLE WEEK was far behind its circulation targets, and will close with the Sept. 25 issue. Estimated pretax losses: $47 million, almost half of the $100 million that the company had planned to lay out during a four-to five-year startup. Said Time Inc. Editor in Chief...

Author: /time Magazine | Title: Press: The Demise of a Cable Directory | 9/26/1983 | See Source »

...full launch. Moreover, a test would not necessarily have uncovered the cable operators' reluctance. As the weekly's problems became evident, Time Inc. officials explored alternative editorial formats and distribution systems, including turning the magazine into a monthly. But the only viable possibility appeared to be a low-cost, less ambitious guide emphasizing pay TV, which would have lacked the distinctive editorial features of TV-CABLE WEEK and would have been vulnerable to competitors...

Author: /time Magazine | Title: Press: The Demise of a Cable Directory | 9/26/1983 | See Source »

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