Word: murdochized
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Dates: during 1980-1989
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...solid agreement between two of America's biggest companies? Yet Time and Warner have long been considered takeover targets, and speculation arose that a raider might go after one of them soon, before a merger could create a nearly invulnerable behemoth. Everyone from Rupert Murdoch to Warren Buffet, the shrewd Omaha-based investor, was mentioned as a possible buyer. But no suitor had come forward by week's end. Time's shares gained 6 5/8 for the week, to close at 115 3/4, and Warner's rose...
...newspaper war was fired when the Post unveiled a new Sunday edition in a $25 million attempt to fight its way into the black. The Sunday edition is the big gun of millionaire real estate , magnate Peter Kalikow, who bought the ailing Post from press lord Rupert Murdoch last year. Kalikow, 46, admits he did not know much about publishing when he took over the paper. "When you fly on an airplane," he says in his thick Queens accent, "you don't know how the plane works. You fly on it because it's going to take you someplace...
...addition to the $37 million purchase price he paid Murdoch, who reportedly lost $150 million in the twelve years he owned the paper, Kalikow has already sunk $17 million into the Post. The Chicago-based Tribune Co., owner of the Daily News, has spent more than $100 million reviving the paper since it nearly folded in 1982, while the Los Angeles-based Times-Mirror Co. has invested about the same amount in its attempt to create a New York paper by expanding Newsday from its profitable base on Long Island...
...that optimistic forecast comes true will ultimately depend on the quality of the paper, which is the province of editor Jane Amsterdam. A respected veteran of the glossy Manhattan Inc., Amsterdam has moved slowly since arriving at the Post last May. While she has curtailed most of the Murdoch-era excesses, revived the paper's credibility and boosted staff morale, the Post still retains much of its traditional gamy flavor. DEVIL- LOVING TEXAS TEEN NABBED IN MOM'S SLAYING was the headline over one story last week...
...While Murdoch said Friday's average of 86 minutes was too long, the drive's head nurse, Pam Levensailor said, "There is a wait but that's to be expected...