Word: ownership
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Dates: during 1980-1989
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...Rupert Murdoch finally found someone to buy the New York Post, his money- gulping tabloid? Murdoch doesn't want to part with the 187-year-old Post but is under pressure to do so as early as next month, or be in violation of a federal law barring ownership of both a newspaper and a TV station in the same city. Last week the media mogul was on the brink of selling the daily for about $40 million to Manhattan Developer Peter Kalikow. The agreement leaves so many escape hatches, however, that the outcome is far from certain. Kalikow...
...America, where monopoly ownership has made many newspapers fair, bland and unadventuresome, Rupert Murdoch, the invading Australian press lord, set out to buck the trend. He bought the liberal tabloid New York Post and turned it into a paper conservative and vindictive in its politics and sensational in its news coverage. Many of his fellow editors and publishers consider him an embarrassment to their craft and a barracuda as well; the lack of respect is mutual ("Most American papers," says Murdoch, "do a few outstanding things, then coast"). Suddenly, however, Murdoch's bold reinvention of cynical, rowdy journalism...
...York Post is an endangered species, the fault is his own, with a little help from Senator Ted Kennedy. The ambitious Murdoch has been buying up television stations, hoping to create a fourth network to compete against CBS, NBC and ABC. He became an American citizen to qualify for ownership, but he knows that by FCC rule he cannot own a newspaper and a broadcast station in the same city, as he does in Boston and New York...
BABBITT. First and frankest on deficit reduction; advocates "workplace democracy," encouraging employee ownership...
...ignores the impending auction of her home because any available means to "save" it would change and therefore destroy it. When Lopakhin cannot recruit her to his scheme, he plunges ahead, basing his gamble less on business acumen than on a burbling belief in the benefits of universal home ownership...