SHOW BUSINESS: No Sale I

The deal by which a syndicate headed by Louis Lurie, a San Francisco realtor, hoped to buy control of Warner Brothers (TIME, May 14) fell through last week. Explained President Harry Warner: "We could not withdraw from the great undertaking that has been so vital a part of our lives."

Actually, the reason was far less sentimental. The two parties could not settle problems arising from an antitrust decree which will split Warner's moviemaking and theater-owning operations. The deal collapsed when the Lurie group refused to give a written guarantee that it would assume responsibility for any penalties growing out...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!