Business: Deal from Divan

Invited to Suite No. 31 in the tall tower of Manhattan's Hotel Sherry-Netherland one day last week were picked representatives of the U. S. and British Press. Their host was Joseph Michael Schenck, massive, imperturbable board chairman of Twentieth Century-Fox Film Corp. To each newshawk Mr. Schenck handed, not a highball in the Hollywood tradition, but a formal statement confirming the biggest cinema deal of the year. Then Mr. Schenck plunked himself down in the centre of a divan, flanked by the two other principals in the triple play: his younger brother and...