Word: profitability
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Dates: during 1950-1959
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...both services, the merger made solid sense. Founded in 1907 by E. W. ("Damned Old Crank") Scripps, the bustling, colorful U.P. last year grossed $28.8 million, but its profit margins have always been as thin as newsprint. With the merger, the U.P. eliminated a pesky competitor, increased its domestic clientele by some 120 daily newspapers to a total around 950 (v. the A.P.'s 1,243), will have "available" the services of such well-read I.N.S. byliners as Bob Considine, Ruth Montgomery and Louella Parsons, who will remain on the Hearst payroll. There was no question about...
...I.N.S., the deal was even more logical. Started in 1909 by William Randolph Hearst, who wanted his own wire service for his own papers, I.N.S. has long been in trouble. Kept going more out of Hearstly pride than profit, it averaged an annual loss of some $3,000,000 over the past few years. To compete with the A.P.'s thoroughness and the U.P.'s color, I.N.S. fell back on splash-and-dash journalism. On a coronation story, editors could rely on the A.P. for the dimensions of the cathedral, the U.P. for the mood of the ceremony...
...Profit in His Own Land. In midweek Van moved to Philadelphia and the same kind of reception. After his concert at the Academy of Music, he escaped through a shrieking crowd that tore the handles from the doors of his limousine. In Washington, before his concert at Constitution Hall, he went to the White House with his parents and Conductor Kondrashin. President Eisenhower gave him a preperformance pep talk: "After that kind of ordeal over there, you will be all right." Cliburn hit Constitution Hall like a landslide, stayed for lunch in the Senate Dining Room with the congressional delegation...
...possible liberalization could take the form of allowing the student to sign up for a smaller number of weekly meals if he wishes, to be taken at any time or to conform to his own class or sleeping schedule. The sure-winners in Lehman Hall could even profit from levying a small premium on the student who subscribes to such a program in the expectation of a much larger saving on meals he never eats anyway...
...Independent Players, having recently co-produced I Am a Camera with the Harvard Dramatic Club on a non-profit basis, will next year become a profit-sharing, non-College organization...