Word: outlay
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Maxwell and other members of the party have been looking forward to the climb for almost two years. Their preparations have meant months of work and an outlay of more than...
Financially, the future looks secure in other ways. Despite its enormous outlay for news, the Times is a profitable paper, owes not a penny to anyone. Last year the Times's advertising linage was at a record high of 36,089,736, and it is still climbing. Since the 50 common-stockholders and 200 preferred-stockholders join the Sulzbergers in regarding the paper as a public trust, the Times has paid no common dividends for 20 years, used the money for expansion and better news coverage. (It pays an 8% preferred dividend every year...
Last week, in his neat, green-walled office at Oakland, Calif., Warren announced a fiveyear, $200 million expansion program. Safeway will build 1,000 big new stores costing $200,000 apiece to replace some of its smaller, old-fashioned groceries. To keep the cash outlay for the expansion low, Safeway intends to sell the new stores as rapidly as they are built, to private investors, colleges and insurance companies, then lease them back. Safeway has used this sell-and-lease-back system on all its 2,166 stores, thus has comparatively little cash tied up in real estate...
...will get the trolley firm's franchise for the next 25 years. In about four years' time, when Bill Pawley expects the bus operation to be rolling in high gear, he plans to step out. Meanwhile, he will collect 4% interest on his $3,000,000 capital outlay. He will also he says, "be well paid by the company as president and manager...
...alternatives offered, according to Doane, are 1) to make a stab at broadcasting within FCC requirements, 2) to wait for the April hearings, 3) to hope for an extension, or 4) to become a commercial station, requiring an impossible outlay of money...