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Wednesday, January 10, 2007
Tobacco Firm Will Slash Its Arts Funding
The New York Sun: "On January 31, the board of the Altria Group — the parent company of Philip Morris USA and Philip Morris International — will announce the exact timing of its spin-off of Kraft Foods, the first stage in a large corporate restructuring. What this has to do with the arts landscape in New York City might not be immediately clear — until one looks at the list of cultural organizations that Altria has supported, and which may not continue receiving support once its individual operating companies control the philanthropic purse. "
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