Word: marketing
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Dates: during 1980-1989
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Wall Street, Washington and investors around the world will be watching the market with nervous anticipation to see whether it can shake off its anxiety attack. The Federal Reserve will monitor events carefully to determine whether it should come to the rescue with a dose of easier money, as it did in 1987 to restore confidence. One fervent hope was that high-rolling investors would come roaring back into the market, looking for bargains. But while it was easy to attribute last week's chiller to everything from program trading to superstition about Friday the 13th, there was a deeper...
Polygram Records, the Dutch-owned music giant, wants to turn up its volume in a big way. Polygram aims to increase its 8% market share in the U.S. by acquiring respected independent firms, which are becoming a rare breed. In August the company paid $300 million to purchase Britain's Island Records, a pioneer in reggae and progressive rock. Last week Polygram said it reached an agreement to swallow an even bigger target: A&M Records, the label founded by Tijuana Brassist Herb Alpert and promoter Jerry Moss. The price, which was not disclosed, was estimated at as much...
Even some Republicans are expressing concern about the paralysis. | Conservative analyst Kevin Phillips described the problem two weeks ago in the Washington Post as "a frightening inability to define and debate America's emerging problems." Last week's 190-point stock market tumble was the immediate result of economic developments, namely UAL's failure to obtain financing for its leveraged buyout. But Washington's glaring inability to control spending hardly inspires the confidence that markets need...
Encouraged by those burgeoning numbers, some American corporations have been eagerly pumping money into a market that once consisted mainly of lackluster small-circulation Spanish dailies. In 1988 the Hallmark greeting-card company bought Univision, the largest Spanish-language network in the U.S., from a Mexican media conglomerate for nearly $600 million. The year before, Saul Steinberg's Reliance Group formed rival network Telemundo, which teamed up with CNN to produce a competing evening national news broadcast...
...premier student bookstore caters to an eclectic clientele of intellectuals, street people and nerds with volumes on subjects ranging from Asian philosophy to Brazilian literature. "Look at this!" exults owner Andy Ross, demonstrating the proper passion. "We carry Thomas Mann! We have all of Dickens!" Ross sued two mass-market % publishers who, he claimed, discriminated against him by giving unfair discounts to chains. He won an out-of-court settlement but still argues that chains, with their narrow stock of titles and widespread outlets, "limit the availability of ideas in our culture...