Take One (Nov 1978)

Automotive Replacement Parts 307,000 4, 10 Leisure Time 470,000 11 4 Theatrical Motion Pictures 150,000 (32)* -1 Series & Films for TV 82,000 (17) 26 Theater Operations 102,000 (22) -1 Book Publishing 72,000 (15) 1 Other 64,000 (14) 7 TOTAL 4,414,000 9.3 *Figures in brackets represent % of Leisure Time Group) Ownership and subsidiaries G+W owns more than 300 subsidiaries. These are the major ones: Manufacturing: E.W. Bliss (Universal American), Collyer Insulated Wire, Eagle Signal, Bohn Metals, Taylor Forge, Michigan Plating and Stamping, Young Seating, Macintosh-Hemphill, Bonney Forge, Lenape Forge, Elco, Northern Stamping, Morse Cutting Tools, Sorensens Guaranteed Parts. Consumer and Agricultural Products: La Romana Sugar mill; Florigold Grapefruit; Romana, Casa de Campo, Hispaniola, and Santo Domingo hotels in Dominican Republic; Consolidated Cigar Corporation; South Puerto Rico Sugar Co. (275,000 acres in Dominican Republic); Schrafft’s Candies; 117,000 acres devoted to livestock in D.R.; Industrial Free Zone at La Romana (industrial park), D.R.; Willem Cigars; interests in H. Upmann, Montecristo Cigars, 66% of SherwinWilliams Company stock (paint manufacturer). Leisure Time: Paramount Pictures, Cinema International Corp. (major international distributor), Simon & Schuster, Pocket Books, Monarch Books, Washington Square Press, Cinema Dominica, Esquire, Inc., Madison Square Garden Corp. (Madison Square Garden; Washington Park Race Track and Arlington Park Race Track, both Chicago; Roosevelt Raceway, Arena and Hotel; N.Y. Knicks; N.Y. Rangers; Madison Square Boxing, Inc.; hotels and real estate; International Holiday on Ice), part of Hughes Television Network, Famous Players (51% owned), Canadian theaters and real estate, Famous Music Corp., Sega Enterprises (95% owned, electronic and coin games), Paramount Pictures Television, Desilu, Oxford Films. Natural Resources: The New Jersey Zinc Co., Marquette Co. (cement), 36% interest in Flying Diamond Oil Corporation, 1/3 of Quebec Iron and Titanium Corp. Apparel Products: Excello, Kayser, Bostonian shoes, Paris belts and underwear, Cole of California, Catalina, Supp-hose, No Nonsense, Mojud, Interwoven hosiery (Kayser-Roth Corp.), Cresco-Pollack, others. Paper and Building Products: 80% of Brown Company, which owns Peavey Paper Mills, Inc.; Symons Corporation; Livingston-Graham (building products). Automotive Replacement Parts: Big A, American Parts System, Henrie & Bolthoff, Doyen, Vensu, Uranio, Newport Supply Co., Florida Cycle Supply Co., International Cycle Supply Co., Plavica, Overseas, S.A., Auto Body Parts, International Parts Service. Financial Services: Associated First Capital Corp., Associates Corporation of North America, Capitol Life Insurance Co., Providence Washington Insurance Co., Emmco Insurance Co., Associates Financial Services Co., Associates Commercial Corp., G + W Foundation, Columbus Circle Investors Corp. 1977 at G+W: Low prices in the international sugar market made a dent in G+W’s 1977 profit statement, as did a lacklustre collection of films. (Overall, profits were down 21%, 27% in Leisure Time.) 1978 should show considerable improvement in the Leisure Time division at least. With Grease, Saturday Night Fever and Heaven Can Wait, Paramount should take gross receipt honors in the movie business this year. MCA, Inc. Revenues 1977 % of total % change revenues 1976/77 Filmed entertainment 561,368 59.6 11 Records & Music pub. 99,800 10.6 -11 Retail & Mail order 136,520 14.5 17 Financial Services 63,908 6.8 16 Other 79,947 8.5 20 Totals 941,543 9.6 NOTE: MCA doesn’t break down “Filmed entertainment” into theatrical and television components, but TV generally results in a substantially larger share of revenue. Ownership and Subsidiaries Filmed Entertainment: Universal Films, Universal Television, Universal Studio Tour and Amphitheatre, MCA Merchandising, Universal City (420 acres), Cinema International Corp., Operation Prime Time. Records and Music Publishing: MCA Records, MCA Music, other labels: Coral, Europa. Retail and Mail Order: Spencer Gifts (265 stores) Spencer catalogues. Recreation Services: Studio Tour and Amphitheatre, Yosemite Park and Curry Co., Landmark Services and Mount Vernon Inn, Minibus (manufactures custom tram trains). Financial Services: Columbia Savings and Loan Association (Colorado), Mid-Continent Computer Services (Denver). Publishing: G.P. Putnam's Sons; Coward, McCann & Geoghegan; Berkley (paperbacks), Richard Marek Publishers, New Times Magazine. Videodiscs: In conjunction with the Dutch hardware manufacturer, N.V. Philips, and Universal Pioneer Corporation (Japan), MCA is developing one of two major competing Videodisc systems. Other Operations: MCA New Ventures, Inc. (a minority enterprise small business investment company), Coca-Cola Bottling Co. of Los Angeles. 1977 at MCA: For the second year in a row, Universal showed a poor performance in theatrical film rentals. 1978 looks to be no better. MCA’s record divisions had a disastrous year in 1977, despite the general inflationary upturn in the industry. Putnam’s also lost money in 1977. Net income for the year was up only a nominal 5%. New York Times Company Revenues 1977 % of total % change revenues 1976/77 New York Times 325,081 63.5 12 Affiliated newspapers 31,341 6.1 10 Magazines 106,822 20.9 ZO, Broadcasting 9,066 1.8 3 Publishing, information & Education 37,210 7.3 14 Other 1,682 0.3 30 Totals 511,202 15 Ownership and Subsidiaries Newspapers: The New York Times, 13 affiliated newspapers in Florida and North Carolina, NYT News Services, 14 interest in International Herald-Tribune (Paris). Magazine Publishing: Family Circle, Golf Digest, Australian Family Circle, US (The Family Circle, Inc.). Broadcasting: WREG-TV (Memphis), WQXR-AM, WQXR-FM (New York). Book Publishing and Other Activities: Quadrangle, Arno Press, Cambridge Book Co., NYT Educational Services, NYT Information Services, NYT Information Bank, Méicrofilming Corporation of America, equity interests in three Canadian newsprint mills. Tennis, TAKE ONE / NOVEMBER 1978 27