Word: perenchio
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...board's hand was forced by a hostile takeover bid by two producers: Norman Lear, creator of the TV series All in the Family, and A. Jerrold Perenchio, promoter of the 1971 Ali-Frazier fight. As principals in cash-rich L.P. Media, Lear and Perenchio had offered $1,000 a share for ENA stock last month. That offer alone was enough to roil the Scripps family: ENA stock had been selling sporadically at only $150 a share two years ago. Late last year, in an attempt to placate family members disgruntled over the stock's performance, Clark bought back...
...William Simon). Another major contender is considered to be the Gannett Co., the country's largest newspaper group, which reportedly bought a block of 20,000 shares last week at $1,300. The ENA board has announced that it will not sell stock to L.P. Media, but Lear and Perenchio have taken the company to court to press their right to a hostile bid. Only one thing is clear: the price will continue to go up. Some Wall Street analysts believe that ENA stock could hit $2,000 a share...
...Gladiators were the supreme fighters," says Joe Frazier, trying his mightiest to explain why he and fellow Heavyweight George Foreman were suited up like Roman combatants to hype interest in their June 15 bout. The idea for the gladiator getup came from Fight Promoter Jerry Perenchio, who borrowed two outfits that had been used in MGM's 1959 film Ben Hur. Perenchio's costuming may be entirely apt, but his choice of battleground is far from Rome. Foreman and Frazier will square off at the Coliseum all right-the one in Nassau County...
Meanwhile, Promoter Jerry Perenchio is talking up a second Court-Riggs contest, this time in Australia-if anyone is interested...
Further, Americans have always worshiped at the fountain of youth, and here is Riggs, one of the most publicized and highest paid athletes over 50 in history, telling them that F. Scott Fitzgerald was wrong and there are second sets in American lives. Says Perenchio, who also masterminded the Ali-Frazier fight: "Riggs is the Muhammad Ali of the Geritol set." As Bobby boasts: "I've got Bobby's battalions all over the country, the over-45 guys who want to see one of their own make it big. I know beating a woman isn't like...