Word: telegrapher
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Dates: during 1960-1969
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...Although it has sales of $421 million and operates 401 movie theaters, it has not had the plentiful cash with which its rivals dominate the TV screen. But last week the word at ABC was money-lots of it. After a year of dickering, the International Telephone & Telegraph Co. (1964 sales: $1.5 billion) agreed to acquire ABC in a move that, if it goes through as expected, will produce a new electronics-entertainment colossus. The combination would outrank Radio Corp. of America (1964 sales: $1.8 billion) and its NBC subsidiary, leave CBS as the only major network without...
Solid Base. The Dow-Jones blue chips, meanwhile, have been hammered by stiffening Government controls over the economy, worries that interest rates will go up, and uncertainty whether profits can continue to climb. American Telephone & Telegraph has slumped from 66⅞ to 61⅜ since the Federal Communications Commission six weeks ago announced a thorough investigation of its rates, and Alcoa has dropped from 74 to 66¾ since the Johnson Administration cracked down on aluminum increases...
...assortment of the nation's own version of noblemen and -women were eager to greet her. In San Francisco, Hello, Dollyl's Carol Channing showed up for an English-Speaking Union luncheon, and Bullfight Expert Barnaby Conrad graced an exclusive dinner given by Socialite Whitney Warren atop Telegraph Hill. Down at the Bistro in Beverly Hills, the banquet list of Hollywood aristocrats included Bob Hope, Frank Sinatra, Danny Kaye and a couple of Queen Elizabeth's loyal subjects named Burton. Margaret promptly upset her security guards in San Francisco by insisting on an unscheduled ride aboard...
...minds of the British voters before death or sickness cut his slim majority out of power. At no time in that campaign has he appeared stronger than he does now: the pound has steadied and the balance of payments deficit may be halved in 1966. The Daily Telegraph polls show Wilson leading the Conservatives by over 7 1/2 per cent. "He has established himself," one political commentator said last week, "as the Indispensable...
...some services, too little for others. With its usual sympathy for Bell's smaller competitors, the Commission has been aroused by a complaint from Western Union that Bell is undercharging for services in which the two companies clash headon. A.T. &T. earns only 1.4% on the private-line telegraph service and 4.7% on the private-line telephone service that it sells to business in competition with Western Union, but gets a return of 10% on interstate telephone services which it monopolizes. The FCC will also investigate whether A.T.&T. pays unnaturally high prices for the equipment that it buys...