Word: murdochized
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...shake-out is at hand. Magazines are going under or changing hands at a dizzying rate. Owen Lipstein's Psychology Today suspended publishing in February; struggling monthlies such as CMP's Long Island Monthly and Time Inc. Magazines' Southpoint went out of business; Rupert Murdoch's debt-ridden News Corp. sold the gossipy Star to the National Enquirer and delayed plans to launch its own weekly newsmagazine...
...biggest threat appears to be to highly leveraged foreign investors. Diamandis Communications, a subsidiary of French-owned Hachette, is looking to sell Woman's Day to offset Hachette's estimated $400 million U.S. debt. Murdoch's News Corp., reportedly $6.5 billion in debt, will soon begin experimenting with the venerable but faltering TV Guide, adjusting the magazine's iconic size and format in an effort to become more accessible and compete with proliferating local cable guides. Leslie Hinton, president of Murdoch Magazines, rejects speculation that foreign investors want out of the U.S. altogether. "Things go up and down," he says...
...years the dueling scandal sheets brought blood-and-guts drama to U.S. supermarket checkout counters. But the publishing pugilism came to an end last week when the owner of the National Enquirer, New York City-based G.P. Group, agreed to buy the Star from media mogul Rupert Murdoch for $400 million...
Launched by Murdoch in 1974, the Star was one of his first U.S. successes. The Star will operate separately from its new sister publication. So on the surface at least the tussling tabs will still vie for the dirt on wayward celebrities and errant aliens...
...cumbersome to win much popularity except in rural areas that lack cable TV. But last week four communications companies disclosed plans for a $1 billion satellite service that could transform American viewing habits when it becomes available in 1993. The four partners -- NBC, Cablevision Systems, Hughes Communications and Rupert Murdoch's News Corp. -- said their Sky Cable service will beam 108 channels to homes equipped with a 12-in. by 18-in. rectangular dish that will cost about $300. Users of the new system, which could carry high-definition TV signals and digital-quality sound, will pay a monthly...