Word: distributors
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Dates: during 1970-1979
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...shareholders $22 a share. Aztec executives resisted, saying that the offer was too low. Aztec solicited other suitors, among them Southland Royalty Co. and Houston Natural Gas, which between them shoved the bidding to $32. Then Houston dropped out, leaving Aztec to Southland, a Fort Worth oil and gas distributor with annual revenues of $65 million. At week's end at least 90% of Aztec's shares had been tendered to Southland, giving Aztec a new majority owner and enriching investors who bought the stock early. But there could be problems. Late in the week, the Big Board...
...Israel's small but vocal band of about 400 active feminists is making an issue of local censorship of Playgirl magazine. Steimatzky's Agency, a Tel Aviv-based book and magazine distributor, gave up censoring female nudes in Penthouse a year ago, but it still insists on blacking out the male genitals in copies of Playgirl. Explains Proprietor Yehezkel Steimatzky, 75: "Everybody is used to nude women, but nude men are new on the Israeli market, and I am afraid it would upset the status quo." The feminists have filed a suit demanding an end to Steimatzky...
...brand-new, high-voltage weapon called the stun gun. More properly known as a Taser,* the gun was developed for law-enforcement use. No police force has yet bought it, but thugs are apparently less cautious about trying something new. Nine Tasers were recently stolen from a distributor near Miami, and police there last week were afraid that the gas-station robbery may be only the first...
...three -Playboy, Penthouse and Oui-alone sell some 10 million copies a month, double the circulation of the entire skin-magazine industry a decade ago. But profits are chancy, competition for readers is getting hotter, and the magazines are becoming ever more erotic. Last week Eastern Newsstand Corp., a distributor with 105 outlets in New York, Chicago, Cleveland and Atlanta, responded to complaints by displaying skin magazines in plain paper wrappers...
...Harvard Bookstore offers many books of a specialized nature. But these books are sold to us by the distributor at what is called a 'short discount' on only 20 per cent. That gives us a smaller profit margin to begin with than most bookstores. We found that we couldn't keep it up, and so the discount had to go," he said...