Word: outbidding
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...eager to try for a run. So in 1956 he bought a Sunday paper in Perth for $400,000, then four years later spent $4 million for the Sydney Daily Mirror, a racy tabloid weakened by incessant circulation wars. His Sydney invasion literally touched off new fighting. When Murdoch outbid a rival publisher for an Anglican Church printing plant, the rival tried to occupy the building. Murdoch allies rounded up a gang of hammer-wielding thugs and recaptured the plant after a bloody fight. At the same time, Murdoch turned the Mirror into a catalogue of crime and cheesecake...
...Sydney experience gave Murdoch a taste for combat ?and a lot of cash. By 1968 his holdings included newspapers, magazines and broadcasting stations worth an estimated $50 million. He decided it was time to invade London. For $20 million he outbid British Book Publisher Robert Maxwell to win a controlling interest in News of the World, a Sunday scandal sheet (circ. 6 million). A year later, he bought the ailing daily Sun (circ. 950,000) for the bargain-basement price of $500,000. The Sun was a paper aimed at high-minded Labor Party supporters then, but Murdoch imported...
...real foundation for Getty's wealth was laid in 1949, when he outbid rivals and won (for $9,500,000 and royalties of $1,000,000 a year for three years) the oil rights to Saudi Arabia's 50% interest in the Neutral Zone, a barren 2,500 sq. mile tract that the Saudis owned jointly with Kuwait. For three years the Getty leases produced no oil, but in the fourth Getty struck it rich. By 1955, his wells were producing more than 4,000,000 bbls. of oil a year. Today, they are the chief source...
...continuing labor impasse was over baseball's reserve clause-the long-rankling method by which owners indenture players to one team in order to recover the cost of developing major leaguers and to protect poorer clubs from being outbid and ultimately destroyed by richer clubs. Last December an arbitrator struck down the system and ruled, on cases brought by Pitchers Andy Messersmith and Dave McNally (now retired), that the standard baseball contract's one-year renewal clause was just that and nothing more. A player, he held, would become a free agent after playing for his team without...
...hard today to imagine 2000 students rallying at Harvard Stadium to pass a resolution demanding that the University build low cost housing in Cambridge. Nor is it possible to imagine strolling through areas surrounding Harvard and feeling the heat from tenants as rich grad students outbid them for their homes. But before the days of rent control (an ineffective mechanism that effectively eliminated Harvard as a scapegoat for fluctuating rents) when some students cared more about non-existent community housing than cramped University quarters, or bad food, there was enough student pressure on the University to force it to explain...