Kinney Parking Company

Kinney Parking Company was a New Jersey parking lot company owned by Manny Kimmel, Sigmund Dornbusch, and mob figure Abner Zwillman. Prior to its public listing in 1960, it merged with a funeral home company, Riverside Memorial Chapel, and then expanded into car-rentals, office cleaning firms, and construction companies.

In 1966, the firm merged with the National Cleaning Company to form Kinney National Company, headed by Steve Ross, who had joined Riverside after marrying Carol Rosenthal, owner Edward Rosenthal's daughter.

Ross pursued an aggressive expansion of the company's properties, first acquiring Ashley-Famous talent agency, then Panavision, and then in 1969 Warner Bros.-Seven Arts. After a financial scandal in the parking division, the non-entertainment assets were spun off again in 1972 as National Kinney Corporation, and the remaining company was renamed Warner Communications, a precursor to today's Time Warner media empire.

National Kinney expanded from parking and building services into real estate development by purchasing the Uris Buildings Corporation, but the timing was bad as the NY real estate market collapsed in the 1973-75 recession and 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.

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