Not much I don't think. True Blue is the Classic environment, which worked on the idea of cooperative multitasking. This means that an app uses as much processor as it wants (basically) before handing it over to another process. Now OS X uses pre-emptive multitasking, which puts teh control on teh operating system level, making it more efficient and "fair".
Since Pagemaker is running in classic, it's using cooperative multitasking. Sounds to me like there's a bug in Pagemaker that's causing this behavior. You might try rebooting into OS 9 if you can to see if you have the same problem there.
You could try renicing True Blue I guess, to have a higher value. That might help.