Word: metromedia
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...close personal friend of Nixon's and a longtime political adviser, Herbert Klein, 56, was for years editor of the San Diego Union, and is now a vice president of the Metromedia broadcasting group in Los Angeles. He served as White House Director of Communications from 1969 to June 1973. Nixon bluntly declared himself unimpressed with Klein's abilities in that...
...over more than 14% of the stock of the Columbia Broadcasting System and 4.5% of the stock of RCA, the parent of the National Broadcasting Co.; Bankers Trust Co. voted more than 10% of the stock of the American Broadcasting Co. and just under 10% of the stock of Metromedia. Banks have been so deeply into broadcasting that in 1972 the FCC had to liberalize its rules to increase, from 1% to 5%, their maximum legal share of ownership of more than one major broadcasting company. Otherwise, the banks would have had to sell $976 million in the stock...
...Director of Communications. The latter job is being vacated by Herbert Klein, a Nixon associate of some 25 years, who was effectively cut off from White House power by Haldeman and Ehrlichman -and thus is unblemished by Watergate. Klein will become a vice president for corporate relations for Metromedia...
...Salute to America's Heritage" reception in the Corcoran Gallery of Art near the White House. "The big difference is that this is not a Washington society party, as it has been in the past," says Inaugural Committee Co-Chairman Mark Evans, a vice president of Metromedia, Inc. "I'm flabbergasted at the interest from all over...
...show an after-tax gain of some 18% this year over 1971. While second quarter earnings declined at some major companies-including Alcoa, Republic Steel and Magnavox-most corporations reported significant improvements over last year's second quarter. A sampling of the biggest increases: Colorado Interstate up 38%, Metromedia 50%, Honeywell 64%, St. Regis Paper 81% . Alltime high earnings for any quarter were registered by Xerox (up 19%) and IBM (up 22%). A sure sign of a reviving economy was the improved earnings of the airlines. In June, Pan Am posted its first monthly profit since last October...