Word: trading
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Dates: during 1990-1999
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Given all that, the real wonder may be that schoolboy massacres are still an aberration. But like crime generally, juvenile violence involving guns has actually been in decline since 1994. A downturn in the ultraviolent crack trade is one reason. Just two weeks ago, the National Center for Education Statistics, in a survey requested by President Clinton, found the incidence of serious crime in schools to be flat. In the past year, only 10% reported a rape, robbery or fight involving a weapon. But again, like crime generally, violent juvenile crime has stabilized at a rate that would have seemed...
...buyout buzz eclipsed even the National Book Critics Circle Awards handed out last week. The combined company will hold 23% of what the industry calls trade books, the nearly $7 billion of nontechnical titles bought by general readers. The company, with $1.8 billion in revenue, will be double the size of the next largest house, Simon & Schuster. "We're all as surprised as the rest of the world," says Jack Romanos, a top Simon & Schuster executive. "To be perfectly honest, I'm not sure we understand what it means...
Unlike Advance, Bertelsmann occupies a position in publishing that makes it a logical buyer of book companies. The firm, which published the Brothers Grimm in the 19th century, is vertically integrated, with everything from a printing company to a book club. "Other corporations don't view trade publishing as a core business," says Bertelsmann's Peter Olson, 47, who will become chairman and CEO of the new Random House. "We do; we believe in books; they are not a stepchild...
...merger raised the usual outrage about media concentration, with a dose of cultural xenophobia thrown in. But it comes at a time when the entire industry is struggling. While more titles are being published (68,000 in 1996), hardcover sales of adult trade books slipped nearly 7% from 1996 to 1997, and overall sales dropped 3.4%. Under corporate ownership, the cultural appeal of books began to give way increasingly to bottom-line considerations. Media czars, expecting books to yield the same 15%-to-20% profits as their other content businesses, have become impatient with their publishers' balance sheets, which seldom...
...Money Maker" cranks in blank paper and spits out dollars. Jack's can teach you how to put a cigarette through a quarter or how to place a half dollar through the neck of a bottle and out again. Budding magicians who want to learn the tricks of the trade can choose from Jack's how-to videos on card magic, thumbtip tricks, money magic, balloon magic and other illusionist genres...