Word: profitability
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Dates: during 1930-1939
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Since last summer the biggest unofficial fact in publishing has been that William Randolph Hearst-nearing 75 and acutely "conscious of the uncertainties of life"- is liquidating those parts of his $220,000,000 holdings which make no profit. Junking of three big dailies was strong evidence of the trend. Lease of two more was confirmation. So was consolidation of the two Hearst news services (Universal and International News), the recent disposal of the unprofitable Hearst radio station KEHE, Los Angeles, and the announcement that some $15,000,000 worth of art objects were for sale. This week Mr. Hearst...
...Hearst dropped last July when he killed the New York American, explaining: "The newspapers that are favorites with me are the newspapers that are favorites with the public." Henceforth it is evident that the Hearst empire is to be run on a new principle: primarily to make a profit...
...goods stores in California and the West, was renamed National Dollar Stores, Ltd. Now there are 37 National Dollar Stores, one as far east as Kansas City. Despite their name, they sell such things as women's dresses for as much as $4.95. They are moderately profitable: Last year, on sales of $7,000,000, profit was about $170,000. Main thing that distinguishes them from competitors like J. C. Penney Co. is that they are entirely run and largely owned by Chinese. Some 90% of National Dollar's clerks (the figure fluctuates seasonally from...
...giving a clear flash of what makes the contemporary U. S. hard for everybody to take: At Gauley Bridge, W. Va., a hill being tunneled on a hydro-electric project turned out to be 90-even 99% pure silica, of great metallurgical value. Consequences: the silica, for greater speed, profit, was mined dry; the tunnel workers developed silicosis, died like ants in a flour bin; lawyers representing the workers charged their clients some 50% of the piddling compensations collected; a committee took the matter up before Congress. Net result: Bill blocked, investigation blocked; the workers left their flour bin, some...
...fall of 1934. At that time Rice called first-night audiences "the scum of the earth," characterized a Manhattan critic as "a senile alcoholic." Before his sputtering exit, Elmer Rice, Inc. had produced six plays, one of which (Counsellor-at-Law) was successful enough to give him a huge profit...