Word: milmoe
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Dates: during 1990-1990
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...National is financed by Mexican media tycoon Emilio Azcarraga Milmo, who dominates his country's TV production. He also counts a pro soccer team among an estimated $1 billion in holdings. The new daily's publisher, Peter Price, erstwhile publisher of the New York Post, says the start-up cost $25 million and predicts losses of only $100 million more during the expansion. Price says the paper should break even, at a circulation of 750,000 a day, within two years. USA Today president Tom Curley is skeptical. Says he: "$100 million doesn't square with our experience...
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