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Thursday, September 16, 1982
University of Nebraska-Lincoln
Vol. 83 No. 18
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Media giant Roy Park
shows way to the top
Staff Photo by Dava Bant
Roy H. Paik
Voter registration in unions
shows good student turnout
By Eric Peterson
Deb Chapelle, interim executive director
of the Nebraska State Student Association,
gave an update on the efforts to override
President Reagan's supplemental spending
bill at an ASUN Senate meeting Wednesday
night. She noted that the effort was
successful, with the U.S. House of
Representatives voting 301-1 17 to override
the bill, and the U.S. Senate voting 60-30
to complete the override.
"The bottom line is that over 1 mil
lion people in the Pell Grant program will
not have their grants reduced this year,
and 128,000 people won't have their
SEOG (Supplemental Educational Op
portunity Grants) eliminated," Chapelle
said.
The supplemental spending bill con
tained substantial funding for both the
Pell and SEOG grants, among other pro
grams. Chapelle noted that U.S. Reps.
Smith and Bereuter voted for the over
ride, with Daub voting against it; both
Sens. Zorinsky and Exon voted for the
override.
Andy Carothers, state liaison and voter
registration coordinator for ASUN's
Government Liaison Committee, reported
that 1,233 people changed their voting
registration or registered for the first
time at the registration tables in both
student unions this week. The effort was
cosponsored by NSSA and GLC, with
help from the Young Democrats and
the College Republicans.
Carothers said this was an outstanding
result, and noted that the NSSA and GLC
sponsors had originally set a goal of only
500 such registrations. The senate passed
a resolution congratulating people involved
with the registration effort.
Sen. Kathy Roth announced new
appointments, which were confirmed by
the senate. Frank Podany, a graduate
student in business, will be a new ASUN
graduate senator. Wendy Miller will be
a nursing senator. Connie Eberspacher
will be on the Union Board, which Roth
said will have five new openings in Feb
ruary. Fran Grabowski will again be on
the ASUN constitutions committee.
Sen. Brett Clark announced a new
opening on the student employee
grievances committee, and asked for
people willing to serve on the commit
tee to contact him at ASUN by Friday.
The committee contains members
of the Faculty Senate, Business College
staff, and UNL administration as well as
students. The committee will consider
and arbitrate the grievances of students
employed by the university. Clark said
there are six student positions which must
be filled by currently employed or atleast
previously university employed students.
Reg Kuhn, graduate senator, said a
student legal handbook may be available
to students fairly soon. An Omaha
organization, the Lane Foundation, has
given a $2,000 grant for the project,
which student attorney Shelley Stall is
working on.
Sen. Mike Greer said the University
Health Center and other groups are co
ordinating a Wellness Week from Oct. 3
through Oct. 6.
The week will emphasize maintaining
By Chuck Jagoda
Roy Hampton Park, successful media
entrepreneur, talked to UNL students
Wednesday as part of the College of
Business Administration's Visiting
Executive program.
Park, who announced in his speech that
it was his 72nd birthday, is president of
Park Broadcasting, Inc. and Park
Newspapers, Inc.
The Park media conglomerate includes
21 radio and TV stations, the legal limit
under Federal Communications
Commission regulations, as well as 54 local
newspapers.
Park is the sole owner of his businesses
and conducts the acquisitions of all his
subsidiaries. His involvements also include
outdoor advertising (which Park
approaches as outdoor television), real es
tate and agribusiness.
Park spoke warmly of Nebraska and Ne
braskans, citing his associations with busi
nesses such as The News-Press in Nebraska
City and ConAgra, Inc., headquartered
in Omaha.
Experience first
In his speech, Park directed many of
his- observations to matters , relevant to
students who may be interested in owning
their own business. He noted that one out
of eight UNL graduates goes on to work
for a Fortune 500 company, but few go
into business for themselves (Fortune 500
companies are the top companies in the
nation in terms of net worth as estimated
by Fortune Magazine).
Park advised anyone who wants to go
into business for themself to "get located
in someone else's business first to get
experience." Park added, however, that
you have to ask yourself how much do
healthy lifestyles as a means of preventing I really want to have my own business' "
illness. The senate passed a resolution
Sept. 8 to work with the health center on
the project.
Senator John Leif announced that the
Committee for Fees Allocation now has
another opening, because a representative
from the Residence Hall Association has
resigned. Any resident of the residence
and that "the options are not as endless
as they once were."
Park's solution is for the prospective
entrepreneur to "find a need and find out
how to fill it." Park's own work history
reflects his philosophy: In 1931, after grad
uating from North Carolina University with
a B.S. in Business Administration, he began
halls is welcome to apply to CFA for the working for the Farmers Cooperative Ex
position, change and the North Carolina Cotton
Growers' Association as director of public
relations.
He noticed that "there was no trade
magazine for farm co-op executives, so I
started one." He was the editor and
published of Cooperative Digest and Farm
Power from 1939 until 1966.
In 1949, Park founded Hines-Park
Foods with the famous restaurenteur and
gourmet, Duncan Hines.
"Do your homework"
Parks cites another of his rules for
success ("Do your homework") as the
reason Hines was willing to let his name
be used commercially. Parks said, "I knew
that he never endorsed anything, so I told
him I wasn't seeking an endorsement,
that I just wanted to name something for
him."
Procter and Gamble offered to merge
with Hines-Park Foods. Park agreed and
joined P and G for 14 years. Park credits
that association with his entry into the
broadcast field.
"At Procter and Gamble I was very
impressed with the advertising power of
TV. As I saw more and more dramatic
series move off the pages (of newspapers
and magazines) and onto TV, I realized it
was a growth business and a new technolo-
( gy
Financial tips
Park summarizes rules he has learned:
" 1) Loan obligations are crucial to your
credit, so meet payments on time or even
ahead of schedule whenever possible.
" 2) Banks hate surprises - especially
bad ones - so if you can't make a loan
payment, let your banker know ahead of
time.
" 3) Mortgage the limbs but never the
trunk. I have used my subsidiaries to raise
money, but never the parent company.
" 4) Always deal with the top. There
are always a lot of people who can say no,
but only very few who can say yes and
have it stick.
" 5) Always pay cash.
" 6) Try to avoid tying up personal
assets of yourself and your family, Banks
never have all the security they want, but
try to satisfy them without using your
personal assets."
Continued on Page 2
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Staff Photo by Oava Banti
A trip to the Nebraska Union Wednesday to place an ad in the Daily Nebraskan had an unexpected ending for a UNL student.
Shortly after 10:30 ajn., the Lincoln Fire Department, UNL and Lincoln police responded to a car fire in the parking lot
just west of the Nebraska Union on R Street. The car belonged to Karen Salmonson, a senior interior design major, who was in
the Union when the fire started.
Lincoln police said a passerby noticed smoke and reported the fire. No one was in the car.
Although the exact cause of the fire in the 1977 Chevrolet Monza was not known, Lincoln police said it appeared a short in
the cara wiring may have been responsible.
UNL police officer Dan McEntarffer said damage to the vehicle was "quite extensive."
