Word: telegraphed
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Dates: during 1950-1959
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With telephone service in the greatest demand since World War II, giant American Telephone and Telegraph and its subsidiaries reported record sales of $1.3 billion, earnings of $169 million for its third quarter of 1955, both well above 1954. International Business Machines Corp. announced alltime high earnings of $38 million for the first three quarters of the year, up 14.5% over last year. R. H. Macy & Co. posted still a third record: the highest volume in history for fiscal 1955, with sales of $376 million and earnings...
...This will make the Dixon-Yates deal look like peanuts," cried Massachusetts' Democratic Representative John W. McCormack. What Floor Leader McCormack was shouting about were Air Force contracts to pay $240 million yearly to American Telephone & Telegraph Co. and its manufacturing company. Western Electric, to cover the cost of building and operating a nationwide telephone circuit for the U.S. air defense system. Congress had not been informed of the "secret" deal, said McCormack, and after the contracts were signed. Comptroller General Joseph Campbell refused to approve them...
...Festival. The press was more pro than con. Sample pro: the Manchester Guardian's Neville Gardus noted that the scherzo of Vaughan Williams' Symphony No. 4 "received a performance which frankly left me ... speechless with wonder and admiration." Not so pro: John Warrack of the London Daily Telegraph found the same symphony played with "appalling force, shrieking with despair and spitting fury, unrelenting in its attack upon the nerves and battering malevolently at the ears. A shattered audience rose bravely at the end to acclaim the exhausted performers...
...Little A.P. For TV Guide, the problem is not circulation, but how to print a national magazine with local news in 36 different areas. But President Walter Annenberg, 47, whose Triangle Publications, Inc. also publishes the Philadelphia Inquirer, Daily Racing Form, the New York Morning Telegraph, Seventeen, Official Detective Stories (TIME, July 20, 1953), is no stranger to regional publishing. At one time he turned out eight regional editions of the Daily Racing Form; until the Wartime paper shortage killed it, he printed four regional editions of Radio Guide. In 1953 he decided he could turn out a national-local...
Even for American Telephone & Telegraph Co.. second biggest U.S. corporation, it was a staggering job. Last week, to raise cash for expansion, A.T. & T. offered its 1,380,000 stockholders the opportunity to buy $637 million in convertible debentures, the largest private financing ever undertaken. To handle the job, A.T. & T. had to set up a special division, bigger than many U.S. corporations. To every stockholder went a warrant,* a letter from the president, a 32-page prospectus and a stamped return envelope. The mailing weighed 100 tons, cost $120,000 in postage alone...