Word: outbidding
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...measure and may not become clear until after competition has been badly damaged. As companies expand by merger, their muscle may scare off smaller competitors. In the words of Walter Adams, the conglomerate giants have the resources to support money-losing operations for long periods; they can simply "outbid, outspend and outlose" small rivals, creating a kind of economic Darwinism...
Talking publicly, some network executives complain that cable may take away so many viewers and dollars that the networks may not be able to afford their expensive news-gathering operations and may even be outbid in the future for such attractions as the World Series and Super Bowl; viewers who now see them free would then have to pay to watch. Speaking privately, however, other network bosses often boast that their operations so dwarf those of any cable operator that for the moment they can loftily ignore cable. Nonetheless, predicts HBO's Levin, as cable presents better programming...
...great takeover race of the past few years, American Express has been left at the starting gate. The financial and travel conglomerate has made offers for Philadelphia Life Insurance Co., Walt Disney Productions and Book-of-the-Month Club, only to be turned down or outbid. It has also sounded out others but received a polite no. Amexco's young, aggressive management is not about to give up. Faced with heating competition for its dominance of credit cards and traveler's checks, the company is looking for profitable new uses for its money. That hoard is so huge...
...literally a day for the books. In addition to the Puzo package, Koster was chasing rights to publish works by Franz Kafka. She was outbid by Pocket Books, who paid $210,000. The Prague pension clerk would have been fascinated by the rituals of a modern paperback auction. He had envisioned the adrenal new world in his novel Amerika. But could he have imagined that he would be in six figures...
...David Frost, 38, British show-business celebrity, talk-show host and interviewer, who stands to make at least $ 1 million, the program represents a coup. He outbid a U.S. television network and countless other news organizations to sign the exclusive contract with Nixon, then patched together a network...