Word: turnings
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Dates: during 1980-1989
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Even Murdoch, however, must turn to others for help in buying magazines and TV stations. Because he refuses to raise capital by issuing enough shares to dilute his control of News Corp., Murdoch finances most of his acquisitions through the sale of assets and by borrowing. The company's current debt is $4.7 billion, and annual interest payments amount to more than $600 million. But Murdoch's publishing ventures generate a large enough cash flow -- $1.2 billion last year -- to cover the interest payments. Murdoch was one of the first to recognize that media companies, which are traditionally asset poor...
...sides hope they have found a way to save the marriage. Chevalier and Racamier have agreed to turn control of Moet Vuitton over to a newly formed twelve-member supervisory board consisting mainly of major investors in the company. To run day-to-day operations, the supervisory board will appoint a management committee of up to seven members that will include both Chevalier and Racamier. The old titles of chairman and vice chairman will be done away with, and the two men will have an equal voice in management...
...morning of last April 4, Reza was lying down on his hospital bed, flipping TV channels with the remote-control device while Dr. Frankel and Dr. Wallace Lehman, the chief pediatric orthopedic surgeon, were discussing the procedure. Occasionally, Reza would turn his gaze from the set, which was on a rack near the ceiling, to the window, with its view of drab gray apartment buildings, not sky. The family was looking on. "We'll make a cut here, and one here, if we can," said Dr. Frankel, drawing imaginary lines across the top and the bottom of Reza's right...
...only legendary restaurant in the French Quarter that lives up to its billing. (Arnaud's, Brennan's and Antoine's, with their dreary, badly prepared food, need not apply, and Paul Prudhomme's newer legend, K-Paul's, is a hassle and uneven.) Galatoire's is a turn-of-the- century set piece with white woodwork, beveled mirrors and brass coat hooks. Waiters are crisply professional; they even chop ice from huge blocks so drinks stay cold and undiluted. The overwhelming attraction is the lush Creole seafood: shrimp remoulade with its brassy mustard and paprika-zapped sauce; plump oysters Rockefeller...
...Bush's support for inclusion does not please all Republicans. Some worry that he will compromise party principles in an attempt to sway moderate voters. But these conservatives concede, in 1988, if Bush were to sway the party back towards its Rockefeller image, they have nowhere else to turn...