Word: murdochized
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Dates: during 1980-1989
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...controversial sale of the Chicago Sun-Times to Australian newspaper magnate Rupert Murdoch shook up the city community--and apparently even Chicago's Harvard Club...
...second potential contender is Roy Disney, a look-alike nephew of Walt's. Disney controls about 2.7% of the firm's stock and is rumored to be gradually acquiring more. Others mentioned as possible buyers are Coca-Cola, RCA and Press Lord Rupert Murdoch. As a takeover subject, Disney will be no Bambi. Current management bitterly opposes a sellout. Last week Disney officers boosted their credit line from $400 million to $1.3 billion in order to fill the firm's war chest...
...camp in a chivalrous newspaper war. Hoge, 48, sought to increase his stake in the rivalry last year when the Sun-Times (circ. 639,000) was offered for sale, and he led an investor group that bid $63 million. The price was topped, however, by Australian Press Lord Rupert Murdoch, and a disheartened Hoge quit the paper in January. Last week he crossed his former battle lines: in April he will become publisher of the New York Daily News (circ. 1.4 million), which is owned by the Chicago-based Tribune Co. The paper is locked in its own war, this...
...last week's merger activity confined to energy firms. In the latest round of what is shaping up as a complex battle for control of Warner Communications (1983 revenues: about $3.5 billion), Newspaper and Magazine Publisher Rupert Murdoch filed court papers accusing the entertainment conglomerate of racketeering and fraud. The charges by Murdoch, who now owns a little more than 7% of Warner's voting stock, also named a rival suitor, Chris-Craft Industries, as a defendant. Murdoch wants the court to overturn a recent swap that would give Warner a 42.5% interest in Chris-Craft...
...zoomed from $200 million to $2 billion. But last year Atari lost $536 million in just the first nine months. Atari's collapse has left its parent company, Warner Communications, so weak that Warner is fighting for its life in a corporate takeover battle with Press Lord Rupert Murdoch. James J. Morgan, 41, then a vice president of Philip Morris, was hired last summer to rescue the ailing company. TIME Correspondent William McWhirter, a Princeton classmate (1963) of Morgan's, spent a week with Atari's chairman and filed this report...