Word: ownership
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Dates: during 1950-1959
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...paying propositions. Biggest single FM boom is taking place in Los Angeles, which boasts, as of this week, 20 FM stations. Both Lincoln and Continental are advertising FM dashboard sets, and a fortnight ago Mutual Broadcasting System announced plans to acquire seven FM stations, the legal limit on single ownership. Boston's WCRB, which pioneered in stereophonic sound, is offering a record 128 hours of concert music a week, and Westinghouse Broadcasting Co.'s four new "FM only" outlets are making a pitch to advertisers who prefer "a rifle shot to a shotgun blast." Says Westinghouse President Donald...
Cool, blonde, 19-year-old Diane Varsi, starring in her first movie role, does an excellent job with the sulks and enthusiasms of a moody high school girl. When she and Russ Tamblyn, a good teen-ager at 22, shamble through a scene in which each confesses to the ownership of one of those books that come in plain wrappers, the result could be mawkish, instead is both funny and touching...
...minded Inquirer (circ. 609,350) nor Robert McLean's quietly thorough afternoon Bulletin (circ. 718,007) paid more than cursory attention to the sale, the answers seemed clear enough. Hard-headed Contractor McCloskey, who had pumped some $5,000,000 into the News in his three years of ownership, was unable to resist Annenberg's offer to buy the rising paper, lock, stock and debt. Said McCloskey: "It was an expensive luxury...
...making the money they put in the bank exempt from income taxes. But if such voluntary funds were inadequate, deductions would be made from payrolls in return for stock in new enterprises. In effect, the development bank would operate like an investment trust in the U.S., diffusing stock ownership over the maximum number of depositors and eliminating the risk of a bad investment that might wipe out a single investor's capital...
...Jesus Christ of Latter-day Saints. The huge ranch operation and the Mormons' dozens of other bustling business ventures − including a Hawaiian sugar plantation, cattle ranches in western Canada, two insurance companies and 72 buildings in downtown Salt Lake City −reflect the strong tradition of communal ownership begun in Utah no years ago. The Mormons (membership: nearly 1,500,000) have been criticized for their church's intense participation in business. Mormon leaders reply that the church's earnings provide for its needy, and that by Mormon tradition large stores of supplies are kept...