Word: profitted
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Dates: during 1950-1959
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...announced last week, that it was dropping its Sunday edition and boosting its weekday price (to 7?), the paper said in a Page One sales talk: "The first responsibility of a publisher is the same as that of any other businessman-to operate fairly and for motives of profit." But in fact, the Free Press, which has lost an estimated $1,700,000 in eleven years, is one of the fortunate few U.S. dailies that have not had to show a profit...
Many U.S companies hesitate to talk publicly about their growing air fleets. They fear that stockholders might think the planes are used only for junkets and fishing trips. But few companies will buy, and fewer plane makers will sell, a plane unless it adds to the customer's profit. Eastman Kodak, U.S. Steel, International Business Machines, Firestone Tire & Rubber, Socony Mobil Oil Co and Texas Co. all have fleets ranging from puddle jumpers to four-engined DC-6Bs and turbo prop Vickers Viscounts. They find them worth their cost many times over in shuttling men and equipment around their...
Some other big and little customers who fly for profit...
Pilot Beech's only trouble was making a profit: he was no financial man, left most of the details to his wife Olive Ann, and the company barely kept aloft. Cessna had even deeper problems. In the Depression he had to close his plant. What saved the company was Cessna's nephews, Dwane and Dwight Wallace, one an aeronautical engineer who once worked for Beech, the other a lawyer. By sweet-talking creditors they reopened the plant, and, though Clyde Cessna sat as president until he retired in 1934, the man in charge was Dwane Wallace, then only...
Push from the Bottom. The Big Three's progress and profit is not lost on the dozens of smaller planemakers, who are also learning to grow by selling utility. In barely six years, Oklahoma's Aero Design & Engineering Co. has leaped to a $12 million annual business with its high-priced ($89,500) twin-engined Aero Commander. When the Air Force bought 15, including one for President Eisenhower, so many companies jumped in with orders that Aero expects to sell about 120 planes this year, has built a $6,250,000 plant to boost production. Prospects...