Word: flagship
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DIED. John McLean Clifford, 74, former president of Curtis Publishing whose frugal reign failed to resuscitate the financially ill company, leading to the 1969 demise of its flagship magazine, the Saturday Evening Post; of cancer; in Santa Barbara, Calif. A lawyer, Clifford became president of the Philadelphia company in 1964, inheriting bank debts totaling $37 million. Though he showed a small surplus in 1966, he was unable to stem further losses and was ousted...
Meanwhile Soviet freighters at Haiphong were unloading resupplies of sophisticated hardware, including missiles and radar equipment. Soviet reconnaissance kept watch on the battlefronts with high-altitude sorties over the Gulf of Tonkin. A flotilla of 13 Soviet ships cruised the South China Sea, awaiting the arrival of the flagship of the Soviet Pacific Fleet, the 16,000-ton cruiser Admiral Senyavin...
When the 723-ft. America was launched in 1939, it was the flagship of the United States Line, the country's largest, fastest, most luxurious liner. But 25 years later, when planes took over the transatlantic travel market, the ship began losing money and was sold to a Greek shipping firm that used it chiefly for cruises around the world. This month, having been resold and then refurbished at a cost of more than $2 million, the America set sail from New York City on a new career and immediately ran into a sea of troubles...
...Newsweek, which paid $50,000 down for U.S. magazine rights before being undercut by the flagship daily of its own parent Washington Post Co., executives will wait to see how well Haldeman plays on the newsstands before figuring how much of the $75,000 balance they should pay. Times Syndicate officials, who had sold serialization rights to various publications for roughly $1 million, now estimate that, all in all, their take will be reduced by as much as $600,000. Times Co. officials were not yet certain that they had sufficient grounds to sue the Post Co., and Post...
...with the balloons, floats and marching bands of the Macy's Thanksgiving Day Parade. Without Dino the Dinosaur (the 20-ft.-tall balloon was retired after 13 years and sent back to maker Goodyear), the parade moved, as always, down Central Park West, ending at Macy's flagship Herald Square store on 34th Street...