Word: macmillan
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Robert Maxwell case was stranger than most tabloid tales. The Czechoslovak-born press baron had created an empire financed largely through illusion, yet his holdings included the London Daily Mirror, New York City's Daily News and Macmillan, the U.S. book publisher. In assembling his web of 400 companies, Maxwell piled up debts, apparently without unduly alarming the dozens of banks and other lenders that let him borrow a sum now estimated at $7 billion...
...Maxwell family's conglomerate is loosely organized into three clusters. The two publicly listed companies include the Mirror Group, which publishes the Daily Record, the Sunday Mail and Racing Times, as well as the Mirror newspapers. The flagship company, Maxwell Communication, controls such concerns as Macmillan books, the Official Airline Guides and P.F. Collier encyclopedias. The Robert Maxwell Group is privately held and owned 100% by the family. Its operations include the Oxford United Football Club and publications like the European, as well as stakes in newspapers in Israel, Hungary and Kenya...
Maxwell did recognize that some assets would have to be sold to help pay off debt. His sons, including Ian, 35, have attempted to pursue that policy. So far, they have been able to raise more than $700 million by selling such assets as Macmillan Computer Publishing for $158 million and Berlitz International for $265 million. But with the deal market in a slump, there have been few takers and even fewer good offers. To attract buyers, the Maxwells have practically had to conduct a fire sale, selling assets for only a fraction of their worth. The Official Airline Guides...
Without him, however, there can be no doubt that his far-flung corporate kingdom will never be the same. Maxwell's properties, which include Macmillan Publishers and the London-based Daily Mirror as well as printing plants, the Israeli newspaper Ma'ariv and several professional soccer teams, are joined by a complex web of interlocking connections, all masterminded by Maxwell and Maxwell alone. "You've lost the force majeure, the single persona that held it all together," says John Reidy, a New York City media analyst at Smith Barney...
...players may be self-absorbed, but fans crave an understanding of how it feels to play this child's game for a living. Perhaps the best recent glimpse of baseball's inner life can be found in The 26th Man by Steve Fireovid (Macmillan; $18.95), a poignant journal of the 1990 season by a career minor-league pitcher still dreaming of one more cup of coffee in the big leagues. The story line is simple and honest: Fireovid, then 33, a righthander who gets by more on guile than God-given talent, posts the second best earned- run average...