Word: murdochs
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BOSTON--Negotiators announced a "memorandum of understanding" yesterday for publisher Rupert Murdoch to buy the Boston Herald American, but said the newspaper's unions must come to terms first...
...film scripts along with English muffins at the Bel Air Hotel and the Polo Lounge. Executives from Pillsbury and Control Data help keep the wood-paneled, chandeliered rooms of the Minneapolis Club filled to near capacity on weekday mornings. At New York City's Regency Hotel, Publisher Rupert Murdoch, Labor Lawyer Theodore Kheel and Investment Banker Felix Rohatyn frequently occupy adjacent tables. Bob Tisch, chairman of Loews Hotels, which owns the Regency, and a habitual breakfaster, says, "The transactions are very gentlemanlike, but there is big money negotiated here...
Technically, Evans resigned; under the terms of purchase, Murdoch cannot sack the top editor without approval of a majority of the paper's national directors. But Murdoch's intent became plain during a four-day farce after the owner announced that Evans had resigned (for an undisclosed buy-out reported to be about $450,000), while Evans kept insisting he was still editor...
...Murdoch aides blamed Evans for dividing the staff and failing to keep to his budget, a figure the editor's camp claims Evans could never even obtain, despite repeated attempts. Evans is said to be bound to silence by his severance agreement, but friends maintain that the real issue was politics. Under Evans the Times was sympathetic to the new centrist Social Democratic Party, while Murdoch reportedly wanted the paper behind Tory Prime Minister Margaret Thatcher...
...successor to the often mercurial Evans, a product of the working class, Murdoch chose an irreproachably Tory blueblood: Times Deputy Editor Charles Douglas-Home, 44, a nephew of former Conservative Prime Minister Lord Home. Douglas-Home was schooled at Eton and served in the Royal Scots Greys regiment...