Word: tycooning
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...merger will end the independence of an airline that began in 1928 as a rail-and-air service whose first route was plotted by Charles Lindbergh. Owned briefly by General Motors in the 1930s, TWA fell into the hands of Howard Hughes in 1939. The eccentric tycoon initially fostered rapid growth but later nearly wrecked the company with indecisiveness. Hughes sold his stock in 1966. During the 1970s, TWA ventured heavily into the hotel and food-service business, which turned out to be far more profitable than the airline. Stockholders spun off the carrier as a separate company in February...
...flattering interviews and their companies sometimes solicited afterward for commercials." While Schorr was surprised to be quoted by CBS, he continues to criticize Turner. Says Schorr: "He is not sensitive to the necessity of insulating news coverage from business interests. Turner comes from a new tradition of media tycoon...
...tycoon himself has had little to say of late. Turner announced that he would respond to CBS's petitions by next week and is "confident that the FCC will find no reason to block our offer." But Wall Street remains dubious about Turner's chances. Though he has offered CBS stockholders securities that he values at 175 a share, analysts estimate their worth at around 130. CBS stock now trades far below that level. It closed last week...
...Jones has manufactured some 400,000 of the devices. The company he owns, Nautilus Sports/Medical Industries (estimated 1984 sales: $300 million), has become the leading U.S. maker of exercise equipment. Jones, however, is even more extraordinary than his machine. No mild-mannered tinkerer, the gruff and often profane tycoon rules an unlikely empire that includes a menagerie of wild animals, two Boeing 707 jets and a $70 million television studio...
...Murdoch, whose holdings span three continents, set in motion the negotiations that would alter his empire (not to mention his passport) is March 28, 1985. Murdoch was paying his first visit to the Hollywood studios of 20th Century-Fox, half of which he had just bought from Denver Oil Tycoon Marvin Davis. As it happened, John Kluge, the billionaire chieftain of Metromedia Inc., was also on the lot that day to attend an investment conference...