Word: shakeout
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...they have been off it long enough-particularly commuters who have grown used to picking up magazines and paperbacks or taking home work from the office. Given the parlous financial condition of at least three Manhattan dailies, such penalties could prove too much to bear, and the long-predicted "shakeout" among New York's newspapers could come fairly soon...
...however, a contract to operate a plant cafeteria generally carries with it the right to operate cigarette, candy, coffee and soft-drink machines. To hang onto these highly lucrative concessions, the vending operators have been obliged to push ahead with hot food service. The result has been an industry shakeout so violent that in the past two years, more than 300 of the nation's 6,000 vending companies have either gone out of business or have been absorbed by emerging industry giants that have the capital and facilities to survive...
...future evolution of the industry," says nimbus-maned Lee Atwood, president of North American Aviation, "will separate the lucky from the unlucky, the thoughtful from the compulsive-the men, as it were, from the boys." A shakeout of companies is inevitable, as it has been in the maturing stages of every major U.S. industry, from autos to appliances. But for the lean and the resourceful, the sky is no limit. Says Tom Jones: "Space vehicles can and must be built, operated and maintained at a minimum cost without sacrificing performance or reliability. The race will be won by those companies...
Sails on the Horizon. Though the U.S. boating industry is currently in the throes of a major shakeout-sales this year are 25% below the 1960 level-Chris-Craft is faring relatively well. Coll expects that sales for the fiscal year ending Aug. 31 will reach $43 million, a decline of 8% from the previous year. Chris-Craft has opened a sales subsidiary in Lausanne. Switzerland. With its exports to Europe running 56% ahead of last year's, the company plans to set up its own European factory, possibly in Italy...
After years of a live-it-up boom, Miami Beach's hotel industry is suffering a thoroughgoing shakeout. Nor is the trouble confined to Miami Beach. Throughout Florida, restaurants and lodging places have been changing hands at the rate of one an hour. If the trend continues, reports the Florida Hotel and Restaurant Commission, about 15% of all such establishments in the state will have new owners by year...