Word: sega
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Dates: during 1983-1983
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...week the new management team headed by Vice Chairman and Chief Executive Martin Davis, 56, announced a major streamlining program to rid the company of low-profit operations. Among the cast-off candidates: Arlington Park race track near Chicago and Roosevelt Raceway in New York, manufacturer E.W. Bliss, and Sega's video-game-making unit. The moves would save the company about $470 million in tax write offs, but produce a loss of $215 million this year...