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 of the antitrust suit.

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