NBC Evening News for Friday, Mar 02, 1979
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(Studio) Intro. to report with regard to business mergers.
REPORTER: David Brinkley
(NYC) McGraw-Hill's publication of "Business Week" magazine noted. American Express Company attempts to buy out McGraw-Hill stkholders. discussed. [McGraw-Hill stkholder. Maxwell GEFFEN - comments.] McGraw-Hill response examined; newspaper ads shown, quoted. "Business Week" editor Lewis Young quoted with regard to American Express chairperson James Robinson III, known as "Jimmy 3-sticks." [YOUNG - comments.] American Express lawsuit against McGraw-Hill outlined. Senator, Federal Trade Cmsn., and Securities and Exchange Commission investigations of takeover attempt reported [Senator Edward KENNEDY - comments.] Amt. of legal fees in merger battle mentioned. [James ROBINSON - comments.] American Express dropping of merger attempt reported.
REPORTER: Mike Jensen
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