Word: profitability
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Dates: during 1950-1959
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High operation costs and inefficient advertising make it impossible for big publishers to make a profit without selling at least 7,500 copies of every book, Bledsoe said yesterday. Therefore, "only works that are oriented to the masses can be considered good risks...
Three men have establish a non-profit publishing house in Cambridge to serve writers who aim at a limited audience. Personal advertising and a low overhead will enable the firm to break even while distributing only "good books," according to Thomas A. Bledsoe, editor-in-chief of the new company...
...jukebox operations of young Ralph Kelly. To persuade Kelly of the wisdom of hiring him as "business adviser," Pranno drove him through the countryside with cement weights tied to Kelly's legs, threatening to drop him over a bridge. Committee investigators reported that Kelly's annual jukebox profit before Pranno was $16,000; afterward it dropped...
...Levant, and known as the richest British subject in Egypt. This was his acquisition of 700 swampy acres on Alexandria's outskirts. He got Farouk's father, Fuad I, to proclaim it "Smouha City" and, while holding about half as low-tax "farm land" for future speculative profit, turned the other half into villas and a luxurious sports club and race track to provide him the pleasures-denied him by his origins -of the stuffy Alexandria Sporting Club
...need, do not deserve, and should not accept any special help from the Government. If I do so, I help deny equality of opportunity to all my fellow citizens. No longer am I a fully independent member of society. Rather I am, to the extent I profit unfairly at the expense of others, dependent on their bounty...