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Article: MORE HARD TIMES AT WESTERN UNION RELIEF HARDLY A CANDYGRAM AWAY.(Business)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- April 15, 1991
CopyrightCOPYRIGHT 1991 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Bart Ziegler Associated Press
Western Union Corp. remains one of the best-known U.S. companies, the builder of the telegraph network that linked a young nation and helped generations of Americans announce the births, marriages and other milestones of their lives.
But a long, sorry decline has left the 140-year-old company a shell of its former self. Today, it is fighting for its very survival.
Western Union fell victim to technological advances like the fax machine that made its telegrams and telexes almost obsolete.
Nearing bankruptcy, the company sold the majority of its operations in the past few years. All that's left of the ...