Word: profitability
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Dates: during 1950-1959
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Risky. With the News he also got its subsidiaries: the Huntsville. Ala. Times (circ. 18,988), radio stations WAPI, WAFM and WHBS, TV station WABT and a freight company. Last year the News and subsidiaries piled up $3,000,000 in profits before taxes. A big reason for the fat profit is the fact that the News holds a virtual monopoly in Birmingham. By 1950 it had grown so strong that it forced the Scripps-Howard Birmingham Post, now the Post-Herald, into a junior partnership. Though separately written, the Post-Herald is printed and distributed by the News...
...chief charges were that : 1 ) board members voted themselves stock options, which, at his insistence, they finally dropped, except for Ferger; 2) Ferger and Assistant Publisher Eugene S. Duffield together paid themselves an estimated $135,000 in a year when the whole company earned a $349,000 profit and paid its stockholders only $78,000 in dividends; 3) Ferger and Duffield negotiated secretly to merge the paper with the Times-Star...
...Canada. Only A.& P. and Safeway Stores are bigger. For Capitalist Cuneo, who bought 348,000 shares ten years ago at about $5 a share, the deal was a bonanza. By selling all but 5,000 shares at a reported price of $60 a share, Cuneo made a profit estimated at nearly $20 million...
...taught me language," says Caliban to Prospero in Shakespeare's The Tempest, "and my profit on't is, I know how to curse." Between Caliban's curses and nonstop Ariel flights of the liberal imagination, most writing on the Negro problem in America makes highly unprofitable reading, in the view of talented Negro Novelist James (Go Tell It on the Mountain) Baldwin. This sheaf of personal essays, written with bitter clarity and uncommon grace, is an effort to retrieve the Negro from the abstractions of the do-gooders and the no-goods...
Union-man Santoro feels that his organization offers considerable advantages to the barbers. "Workers would get better conditions and compensation, and owners would profit from being organized. You can't stand alone forever in the world...