Word: murdochs
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...sooner had the ink dried on my New Year's resolutions two weeks ago than I received a call from my old friend Rupert Murdoch. Seems Rupe's diversifying--wants to buy into a whole mess of disco acts, called me for advice. Lunched at Passim's, where I introduced him to a couple of friends who were in town, arranging appearances at nite spots around the Square. (He picked up the tab, and later bought Passims). Out on Mass Ave., he bought us a cab, and we drove downtown to Rupe's office in the recently-renamed Murdoch building...
...confab was interrupted by an incessant stream of phone calls from down-at-the heels disco acts. "Hello, Mr. Murdoch, this is Gladys Knight." The voice was unmistakable. She was muttering something about her new solo effort--"Midnight Train to Canberra," I think she said--and how the Pips were a thing of the past. Rupe told her to forget music for the moment: "Honey, I've got bigger things planned for you...Ever hear of New West...
...Murdoch has offered to buy all outstanding stock in the company at $8.25 a share--several times higher than the recent selling price...
Wilson said he will decide on selling his shares when he receives Murdoch's offer in the mail, but that he thought most people would sell at Murdoch's price. Wilson owns about $200 of the company's stock...
Wilson said that if most stockholders sell their shares, Murdoch would have enough control to dissolve the board of directors and run the company by himself...