Word: sales
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Dates: during 1980-1989
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Even Murdoch, however, must turn to others for help in buying magazines and TV stations. Because he refuses to raise capital by issuing enough shares to dilute his control of News Corp., Murdoch finances most of his acquisitions through the sale of assets and by borrowing. The company's current debt is $4.7 billion, and annual interest payments amount to more than $600 million. But Murdoch's publishing ventures generate a large enough cash flow -- $1.2 billion last year -- to cover the interest payments. Murdoch was one of the first to recognize that media companies, which are traditionally asset poor...
...Christ offered to raise money to reimburse Universal for all copies of the film, which would "promptly be destroyed." Universal responded with lofty, full-page newspaper ads in four cities, quoting Thomas Jefferson and announcing that the constitutional rights to free expression and freedom of religion were not for sale...
...stock parking, in which an investor sells shares temporarily to someone else to hide their real ownership from Government agencies like the Internal Revenue Service. In this case, Princeton/Newport was allegedly parking stocks at Drexel so that the New Jersey firm could claim short-term tax losses on the sale. The laws against racketeering, which involves repeated crimes carried out by a person or a business, have traditionally been used against the Mafia. Bringing racketeering charges against stock swindlers is an aggressive new tactic in the war on white-collar crime...
...Complaints from neighbors about noise and traffic congestion prompted the ruling," Scali said. "The new policy is one of capped areas, where the sale of liquor is restricted, like in Central Square, Harvard Square, Inman Square, Porter Square and along Mass...
...attempt to frame the drug problem as a national one, affecting all people in the same way. If a wealthy suburban teenager becomes addicted to cocaine, it is simply part of the drug problem. So too if inner-city ghetto kids end up killing each other over a crack sale. Just Saying No will do the trick...