The Press: Hearst Consolidated

Publisher William Randolph Hearst has always been the sole proprietor of his vast businesses. Last week he followed up his offer of employe-participation in Hearstpaper profits (TIME, June 30) by offering to the general public 2,000,000 shares of Hearst Consolidated Publications, Inc. 7% cumulative participating preferred stock at $25 a share. Another 2,000,000 shares of this stock will be authorized but not outstanding. The stock will be entitled to participate up to 3% per annum additional in extra profits after $1.75 is paid on 2,000,000 shares of Hearst consolidated common, the voting...

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