New Magazine Boom Fueled by Niche Interests and Investors
New York UPI reports a surge of 606 new titles in two years bringing total magazines to 9,000 to 10,000 with circulation around 264 million and ads at $2 billion. Most are niche ventures backed by individuals or investors seeking tax shelter, not mass general audiences, with profitability often three to four years away. Bloom & Gelb notes many launch with capital from relatives and stock for contributions, and some are snapped up by established firms if successful. Venture aims at aspiring entrepreneurs while others cover amateur photography, multinational business, and banking.
MENTIONED IN THIS ARTICLE
New York
UPI
Magazine Publishers Association
Saturday Evening Post
Colliers
Life
Look
the American
Carl Bloom
Bloom & Gelb
Bloom
Controllers give differing accounts of fatal PSA crash
UPI reports San Diego crash investigators say air traffic centers offered conflicting versions of the PSA jetliner colliding with a Cessna, killing 150 in America's worst aviation disaster. Miramar and Lindbergh centers reportedly gave mixed notices as control handoffs and a collision alert were studied.
MENTIONED IN THIS ARTICLE
San Diego
UPI
America
Brad Dunbar
National Transportation Safety Board
Miramar
Lindbergh Field
PSA
Lindbergh
Dunbar
Cessna
Breakthrough glaucoma drug Timolol Timolates Eye Drop
University of Iowa announced Timolol Maleate eye drops as a safe and effective glaucoma treatment based on two 40-patient studies. The FDA approved Timoptic for commercial use, with Merck expecting daily patient costs of 25 to 50 cents.
MENTIONED IN THIS ARTICLE
Iowa City, Iowa
UPI
University of Iowa
Charles Phelps
University
Department of Opthalmology
Phelps
U.S. Food and Drug Administration
Merck, Sharp and Dohme Research Laboratories
Philadelphia
Merck
Bill Pearce
Food executive acquitted of bribery in second trial
Chicago judge acquits Peter A. Tullio, 54, in a four day bench trial on charges he approved 30000 in bribes to a union official for a biased contract. He had been convicted previously of conspiracy and bribery but acquitted on a $10000 payment for a one year extension.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Food Service
Peter A. Tullio
U.S
Prentice H. Marshall
Tullio
Interstate United
Self Talk Therapy May Aid Stress Coping Autogenic Technique Emerges
Dr Malcolm Carruthers of the London Institute of Psychiatry told a Melbourne psychiatric conference that talking to oneself with professional guidance can help relaxation and stress coping. He described autogenic practice over 15 years, involving a corpse position and repeating phrases directed at the body from the right arm to the chest.
MENTIONED IN THIS ARTICLE
Melbourne
Australia
UPI
Malcolm Carruthers
London Institute of Psychiatry
Carruthers
Champaign union plans strike after council tabled deal
AFSCME union members in Champaign notify city officials of a midnight October 8 strike. The 72 member union, including public works, police dispatchers, clerical staff, and parking meter workers, authorized the walkout after city council voted to table a proposed three year agreement. Negotiations are ordered to resume.
MENTIONED IN THIS ARTICLE
Champaign, Ill
Champaign
Gene Miller
American Federation of State
Afscme
Public Works Department
You Know By United Press International
The legs of dancer Fred Astaire were insured for 650000 dollars and Betty Grable’s legs, famous from World War II pinup images, were insured for 250000 dollars.
MENTIONED IN THIS ARTICLE
United Press International
Fred Astaire
Betty Grable
Also Mentioned on This Page
Miramar Center
Washington
Allan
WM. Furniture E. Company
W. Washington ST. Morris, Ill
U. of I. Drill
University of Illinois
U. of I. Rotc
Gary Rosholdt
U. of S. Navy
Food Executive
Interstate United Corp
Marshall
Office of
Terrence J. Danek, D.D.S
Wauponsee St
Morris
Ill
Christ
God
Grundy County
Republican
Josie Pack
Ken Shannon
Elaine Walsh
EDUC
Dick Krase
Burnham Bill Hamilton
Clarence Mosimann
Marge Campo
Joe Chiapetto
William Waters
Henry Barschdorf
Barney Berta
Bill Wallin
Pat Power
Ed McBroom
George Ryan
Plainfield
Republican Central Committee
Bud Washburn
Illinois
State Board of Elections
Springfield
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