Word: profitability
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Dates: during 1980-1989
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...summary of steps he has taken to straighten out HUD, Kemp announced he would not permit his department to deal with 54 former senior officials whom Pierce had exempted from the Ethics in Government Act. The waivers permitted the officials to take private jobs in which they could promptly profit from their HUD experience. One had made $1.3 million in two years as a consultant to developers seeking HUD contracts...
ENTERTAINMENT WEEKLY, which will make its debut in February, has been two years in the planning. It is expected to start life with a circulation of 500,000, mostly subscribers, and hopes to grow to 1 million before turning a profit in four years. Publisher Michael J. Klingensmith estimates the cost of the launch at $30 million after taxes. The magazine is the company's first major start-up venture since TV-CABLE WEEK, a listings guide for cable-company subscribers, folded after just five months in 1983. Another Time Inc. magazine project, PICTURE WEEK, was tested...
...have enabled him to buy his boat and independence. Banks will not lend him money. He has no telephone at home because he ripped it out of the wall during a fit of anger. He poaches clams at a neighboring bird sanctuary, more out of orneriness than hope of profit. And, to complicate his existence still further, he has fallen into a love affair with Elsie Buttrick, the local game and fish warden...
...million flight insurance at $13 a ticket works out to about a dime in expected payouts for every dollar in premiums, leaving Amex 90 cents to cover expenses and profit. The Statue of Liberty stood to gain a penny every time you charged an $80 dinner or a $400 airline ticket to your card, leaving Amex 319 pennies in the case of the dinner (at its service charge of about 4% for restaurants) or 999 pennies in the case of the ticket (at its 2 1/2% or so on airline fares). The premium you paid for the platinum card, which...
...classic pitch: everybody would win. Underfunded schools would get tens of thousands of dollars' worth of video equipment free, students would get a news program to teach them that Chernobyl is not Cher's full name, advertisers would get a captive teenage audience, and Whittle would make a healthy profit. Despite loud criticism that the daily newscasts amounted to cynical commercialization of the classroom, Whittle announced last week that he was not only going ahead with Channel One but also expanding his service...