Word: owner
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Dates: during 1980-1989
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Last week Turner put out the fuse by selling 35% of his company to a group of 14 cable-TV operators and Financier Kirk Kerkorian for $550 million. Turner will use the money to buy back those troublesome preferred shares. Kerkorian, the former owner of 50.1% of MGM/UA, and the cable operators will gain five seats on Turner Broadcasting's eleven-member board of directors. Managing a narrow escape, Turner was able to hold on to slightly more than 50% of the company that he built from scratch...
...Because chapstick is never thrown away," it said. He, too, had never heard of anybody running out of chapstick. He explained that until this day, all tubes of chapstick had been lost before used up. When an owner loses a tube, it makes a migration to its final resting place, the tube explained...
Investigators said Pilot Chester Baker, owner of the Mooney, and Instructor Paul Lietz had been practicing "touch and go" landings and takeoffs at an airport near Kearns, Utah. At about 12:50 p.m. Baker touched down briefly, then lifted off and climbed sharply upward. The Metro, en route from Pocatello, Idaho, with six passengers and two crew members, was about to make a turn for its approach to the international airport...
...elderly fellow fond of flannel shirts and bright red Budweiser suspenders. Dallas? Known him for years. "It's hard to think that kid ever got into trouble. They just pushed him against the wall. He'd walk away from trouble if he could." The whole mess baffles Bar Owner Phyllis Sans. "It's just a damn shame it had to happen. Two men are dead, and one man's running for his life," she sighs, "but he's no desperado...
After 35 years as a revered father figure to The New Yorker, Editor William Shawn is abruptly retired by the magazine' s owner...