Word: mergers
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Dates: during 1980-1989
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Time Warner had decided that the textbook division failed to fit well with its other publishing and entertainment businesses. At the same time, the sale will help reduce the $12 billion in debt that the company will assume when its merger is completed, sometime around year...
...United States today, the richest one percent of the population now owns over half the wealth in this country and the richest 10 percent owns over 80 percent of the wealth (excluding home ownership). The gap between the rich and the poor is growing wider. Further, with the recent "merger mania" and the incredible growth of huge, multinational corporations, a handful of corporate executives now exercise unprecedented power over the economic life of the nation...
...free society to function effectively, people need full access to information. As part of the recent "merger mania," the ownership of the mass media in the United States has been concentrated to an alarming degree in the hands of fewer and fewer large corporation. Independent newspapers and magazines have been bought out by major chains, and the radio and television networks are controlled by such powerful companies as General Electric (which now owns...
...work force about 7% because of slack demand. Mainframe manufacturer Unisys, which has reported operating losses of $79 million so far this year, plans to slash its payroll by 8,000 workers, or 9%. Wang, which lost $424 million during the past fiscal year, may be pushed into a merger. Former rising stars in personal computers, notably Commodore and Wyse Technology, are losing money. So are major software developers, including Ashton-Tate and WordStar International...
...garage of the trumpeter's home in suburban Los Angeles. A&M, with sales of $300 million last year, has a stable of recording stars that includes Janet Jackson, Suzanne Vega, Toni Childs and Sting. Says Alpert, 54, who will continue to help run A&M after the merger is completed: "We'll have more visibility and more muscle...