Word: zuckerman
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...Mort Zuckerman, a non-Yankee, buys the Atlantic...
...something of a jolt for the Atlantic's readers to learn that their august, old-Boston publication will soon be in the hands of a smooth non-Yankee who has made millions in real estate development. By May, after a few minor details are worked out, Mortimer Zuckerman, 42, will take over as president and chairman of the Atlantic Company, which includes the magazine and its book publishing division, the Atlantic Monthly Press.* Says he: "I hope to combine the magazine's very special place in American letters with a solid financial base and good business management...
...been slaloming in and out of the red for years and is plainly in need of an infusion of fresh capital. Marion Danielsen Campbell, 58, a New Yorker whose family has owned the magazine since 1938, spurned numerous corporate suitors while waiting for the right buyer to come along. Zuckerman had the requisite cash and professed no desire to tamper with the Atlantic 's venerable formula...
Currently, a trustee, Mortimer B. Zuckerman, serves as president, but "it's mostly a title." Zuckerman said yesterday...
Savings on heating bills can be considerable. Aaron Zuckerman, owner of a car wrecking yard in Winchester, Va., installed a junk oil furnace in his warehouse last December and has cut his heating fuel bill from $600 a month to nothing...