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...show was Kelly, based on a legendary jump from the Brooklyn Bridge, and several would-be producers, looking before they leaped, had earlier dropped their options. Undeterred by the fears of other angels, Susskind and his Talent Associates-Paramount, Ltd. rushed in, somehow found $350,000 lying around. To round out the nut, they talked Columbia Records into ponying up $50,000 and got the remaining $250,000 from Producer-Plunger Joseph E. Levine...
...Beatles are not only an institution but a business-and their profits are strictly fabmost. This week they joined the rank of the financial mighty when one of their firms was listed on the London Stock Exchange. The corporation: Northern Songs Ltd., sole publisher of the songs of Beatles John Lennon and Paul McCartney. Northern Songs offered 1,250,000 shares at an initial price of $1.08 each, and the scramble to pick them up was likely to reach Comsat proportions...
Time Inc. does not own its own printing plants, but prefers contract arrangements with local firms-the latest being New Zealand Newspapers, Ltd. in Auckland. Until now, the magazines were flown 1,629 miles from Melbourne, Australia, but henceforth, 35,000 copies will be printed in Auckland, then shipped by air and rail to other points-passing through towns with such colorful Maori names as Te Awamutu, Taumarunui and Ohakune. We expect our New Zealand subscribers to get TIME at least two days earlier...
...billion) and earnings ($73 million). Such income swelled an already bulging cash drawer. At the same time, with cigarettes under medical fire and new brands proliferating, the major tobacco companies have been anxiously diversifying. Two weeks ago Reynolds announced that it would spend $100 million to buy Penick & Ford Ltd., Inc., a corn-oil refiner whose products include My-T-Fine desserts, Vermont Maid syrup and Cocomalt. Liggett & Myers last year paid $15 million for Alpo dog food. American's move was last, but by far the most spectacular...
Beer & Mine. While Miller's actions have benefited Australian shipbuilders, sailors and coalmen, they will bring the greatest return to R. W. Miller, Ltd., a holding company with assets of $29 million. It owns nine coal mines, fleets of colliers and trucks, 42 hotels, an engineering firm, a brewery (Millers Beer), and an insurance company. Miller will use his tanker profits to underwrite coal costs, but he apparently has no fears for the future of the industry. Next March, in New South Wales, R. W. Miller, Ltd. will inaugurate its newest enterprise: another coal mine...