Instead of bolstering their news-gathering or adjusting to the new media landscape, companies like McClatchy, Tribune and Lee Enterprises used these astronomical profits to buy up other properties.
Recruiting heavily in such prosperous Hudson River villages as Dobbs Ferry, Larchmont and Tarrytown, these criminal enterprises used seemingly innocuous names like the Varlets, the Fussbudgets, the Foolish Scoundrels and Hell's Ne'er-Do-Wells.
He funded charitable enterprises, used interest-free loans to put influential citizens in his debt, provided the less affluent with sustenance, and peopled his payroll with the best political operatives money could buy.
Powerful state-owned enterprises, used to cheap credit, land and energy, will resist threats to these privileges.As for political reform, Chinese leaders have talked about democracy for the past 30 years, but done little.
By January next year, the European Union will have to consider the unthinkable - and perhaps lift the restrictions on 200 allies of President Robert Mugabe and his Zanu-PF party and on a handful of state enterprises used to bankroll the party.
Enterprises used 16mm for overseas sales as it was considerably cheaper to buy and easier to transport than videotape.
