Kinney Parking Company
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Kinney Parking Company was a
New Jersey New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware ...
parking lot company owned by
Manny Kimmel Emmanuel Kimmel (April 14, 1896 – July 18, 1982) was a notable underworld figure between the 1930s and 1960s and the founder of the Kinney Parking Company, a chain of parking lots and garages which evolved into the media conglomerate Warner Com ...
, Sigmund Dornbusch, and
mob Mob or MOB may refer to: Behavioral phenomena * Crowd * Smart mob, a temporary self-structuring social organization, coordinated through telecommunication Crime and law enforcement * American Mafia, also known as the Mob * Irish Mob, a US crimin ...
figure
Abner Zwillman Abner "Longie" Zwillman (July 27, 1904 – February 26, 1959) was a Jewish-American mobster who was based primarily in North Jersey. He was a long time friend and associate of mobsters Lucky Luciano and Meyer Lansky. Zwillman's criminal org ...
.


History

Kinney Parking Company was incorporated in 1945 by
Manny Kimmel Emmanuel Kimmel (April 14, 1896 – July 18, 1982) was a notable underworld figure between the 1930s and 1960s and the founder of the Kinney Parking Company, a chain of parking lots and garages which evolved into the media conglomerate Warner Com ...
. In 1961, Kinney reached an agreement with Abbey Rent-A-Car (founded by
Edward Rosenthal Edward Rosenthal (1903–1991) was a former vice chairman of Warner Communications and president/owner of the Jewish funeral home chain, Riverside Memorial Chapel.Riverside Memorial Chapel and City Service Cleaning Contractors, Inc. The new entity was renamed ''Kinney Service Corporation'' and taken public. In 1964, Kinney purchased Walter B. Cooke, Inc., which operated nine funeral homes in New York. By 1964, the company had $29 million in sales and 6,000 cars in its fleet with 100 franchised auto dealers in six states who leased cars under the Kinney brand.


Final years, merger with National Cleaning

On July 28, 1965, Kinney Service Corporation announced that they would merge with Terminal Maintenance L.I. Inc., a Long Island building-cleaning and maintenance company, however, the merge didn't happen by unknown reasons. In 1966, the firm merged with the National Cleaning Contractors, Inc. (established by Louis Frankel in 1886 as ''National Window Cleaning and House Renovating Co''). to form
Kinney National Company Kinney National Service, Inc. (later known as Kinney Services, Inc.) was an American conglomerate company from 1966 to 1972. Its successors were National Kinney Corporation and Warner Communications, Time Warner, AOL Time Warner, and WarnerMedia ...
, headed by Steve Ross, who had joined Riverside after marrying Carol Rosenthal, owner
Edward Rosenthal Edward Rosenthal (1903–1991) was a former vice chairman of Warner Communications and president/owner of the Jewish funeral home chain, Riverside Memorial Chapel.National Periodical Publications National Comics Publications, Inc. (also known as NCP or simply National) was an American comic book publishing company, and the direct predecessor of modern-day DC Comics. History The corporation was originally two companies: National Allied P ...
(publisher of
DC Comics DC Comics, Inc. (doing business as DC) is an American comic book publisher and the flagship unit of DC Entertainment, a subsidiary of Warner Bros. Discovery. DC Comics is one of the largest and oldest American comic book companies, with thei ...
), followed by Ashley-Famous talent agency, then
Panavision Panavision is an American motion picture equipment company founded in 1953 specializing in cameras and lenses, based in Woodland Hills, California. Formed by Robert Gottschalk as a small partnership to create anamorphic projection lenses dur ...
, and finally in 1969 Warner Bros.-Seven Arts.


Legacy


Warner Communications

After a financial scandal in the parking division, the non-entertainment assets were spun off again in September 1971 as National Kinney Corporation, and, on February 10, 1972, the remaining company was renamed
Warner Communications Warner Media, LLC ( traded as WarnerMedia) was an American multinational mass media and entertainment conglomerate. It was headquartered at the 30 Hudson Yards complex in New York City, United States. It was originally established in 1972 by ...
, a predecessor to today's
Warner Bros. Discovery Warner Bros. Discovery, Inc. (WBD) is an American multinational mass media and entertainment conglomerate headquartered at 230 Park Avenue South in New York City. It was formed after the spin-off of WarnerMedia by AT&T, and its merger with Di ...
.


National Kinney

National Kinney expanded from parking and building services into real estate development by purchasing the
Uris Buildings Corporation Uris Buildings Corporation was a New York City commercial real estate development company created by Harold and Percy Uris in 1960 from a predecessor private partnership. They retained 60% ownership in the corporation. One of the last building ...
from
Harold Uris Harold D. Uris (May 26, 1905 – March 28, 1982) was an American real estate entrepreneur and philanthropist who co-founded with his brother Percy Uris, the Uris Buildings Corporation. Biography Uris was born to a Jewish family, the son of ...
, but the timing was bad as the New York real estate market collapsed in the 1973–75 recession. The main Uris Building asset was soon lost to foreclosure. In 1979, after some protracted negotiations, National Kinney attempted to purchase The Aladdin hotel and casino in Las Vegas in a joint venture with Johnny Carson, planning to rename it after the star. However, Carson's wife Joanna gossiped about the deal, and subsequent trading in National Kinney stock led to insider trading charges against third parties by the SEC and the disgorgement of profits. In 1982, National Kinney sold its National States Electric division to an undisclosed buyer, and then agreed to sell its parking subsidiary, Kinney System Inc., to that division's chairman Daniel Katz and a group of investors. In 1985, National Kinney subsequently renamed itself to Andal Corporation and sold its remaining majority interest in Kinney System parking. Andal invested in the declining Steve's Ice Cream and merged in
Swensen's Swensen's Inc. is a Canadian-owned global chain of ice cream restaurants that started in San Francisco, California, United States. History The company started in 1948 by Earle Swensen, who learned to make ice cream while serving in the U.S. Nav ...
before selling them off and unwinding its last operating subsidiary.


Further reading

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References

{{Reflist 1960 establishments in New Jersey 1966 disestablishments in New Jersey American companies established in 1945 Transport companies established in 1945 Transport companies disestablished in 1966 Defunct companies based in New Jersey Parking companies Predecessors of Warner Bros. Discovery