Word: mergers
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Dates: during 1950-1959
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...country's defenses. The man who looks to Greece's economic and financial affairs is intense little Spyros Markezinis, chief theorist of Papagos' Greek Rally Party. Markezinis' program: 1) reorganization of overlapping government ministries, 2) decentralization of government from Athens. By ordering a merger of the national bank and the bank of Athens last month, Markezinis aroused the ire of shareholders, but, when effective, the merger will reduce the number of bank clerks by 2,000. In his reorganization of ministries, he plans to drop 15,000 bureaucrats from the government payroll, thus balance the budget...
After 13 months of hearings, the Federal Communications Commission last week approved a merger of United Paramount Theaters (710 movie houses and one TV station) and the American Broadcasting Co. (15 radio & TV stations, 429 radio & TV affiliates). It was the first time big movie and TV interests have merged, and FCC gave its approval to the new company, to be called American Broadcasting-Paramount Theaters, Inc. In doing so, FCC overruled a preliminary FCC report, which had recommended against the merger on the ground that it was the first step by the movie industry to take over the whole...
...Delta's President Collett Everman Woolman, 63, who will boss the new line, the merger was the latest in a series of expansions that have boosted Delta from a small, crop-dusting outfit to a seat near the top. A lifelong aviation buff, Woolman, while a student at the University of Illinois, worked his way to France on a cattle boat to a world aviation meet...
Woolman has another plan up for CAB approval-a merger with Northeast Airlines (TIME, Oct. 9, 1950). If approved, the merger will give him a route into New York, and a crack at the rich North-South traffic now enjoyed by Eddie Rickenbacker's Eastern Air Lines...
...publication resulting from the merger was slightly larger than the old CRIMSON and usually four pages. The left hand column of the front page was devoted to advertising. The rest of the front page was given over to regular news and sports items, all arranged under identical one-column headlines which read "Football Today at 3," "Results of Class Elections," and so forth...