Word: aspens
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...real surprise came the next month. After length negotiations that included jetting off to Aspen to find majority stockholder Carter Burden, and the expenditure of $15 million, Murdoch became the owner of not only New York and its fledgling cousin New West, but of The Village Voice as well...
...charge of editorial operations. Meanwhile, unknown to Felker, Murdoch, friend number one, had approached friend number two Burden with an offer of $7 a share. And Burden was churlish; he didn't want to sell his magazines to the dowager empress. He took his skis and went off to Aspen to think about it, and the deadline to sell to the Post came and went...
...maybe journalism began to bore him. Just as Burden yawned, there was a check for $7.6 million in his mouth like a big moth, a check from Rupert Murdoch--they had mutual friends--offering him $8.25 a share for his stock. Murdoch had chartered a jet and flown to Aspen to make the offer. In the face of such consideration (one gets the impression that Burden didn't even have to take off his skis) the deal went down. Murdoch had been busy; he had lined up other stockholders and with the addition of Burden's chunk had bought...
...been ailing for several years, made a spectacular comeback. Its total car sales last year leaped 31% over 1975, exceeding even GM's 28% gain. The company's revival rested largely on three handsomely styled, scaled-down autos: the Volaré, which sold 311,000 and the Aspen (232,000), which are both compacts, and the intermediate-size Cordoba (175,500), which packs a lot of luxury into a fairly small package...
...asked. The Observer, it turned out, had been losing as much as $1 million a year and recently laid off one-third of its staff. The paper's owners, heirs of the second Lord Astor, were willing to hand over control to the right investor. Cater telephoned the Aspen Institute, which reached Anderson, and Anderson invited Observer Proprietor and former Editor David Astor to bring the paper's books with him to Los Angeles. Last week, ten days after Cater's serendipitous supper, Atlantic Richfield's board approved the purchase; the price reflected the reality that...