Business & Finance: Fox Abdication

In Hollywood are the new $75,000,000 studios of Fox Film Corp, Throughout the U. S. are some 1,200 theatres controlled by Fox Theatres Corp. In almost every country are Fox distributing agencies. In sole command of the Fox organization was, until last week, William Fox who from an investment of $1,667 built the entire structure, amassed a personal fortune once estimated at over $50,000,000.

During the summer, Cineman Fox, proud of the quick expansion that had brought his organization Loew's Inc., Metro-Goldwyn-Mayer, and the Gaumont Theatres in England, decided to consolidate all his holdings...

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