Word: blair
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Dates: during 1960-1969
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Shrinking Revenues. For the Saturday Evening Post, Blair set a course that borrowed much from the techniques and styles of existing magazines-among them LIFE, Esquire, TIME and Look-without adding much that was new. Blair also led the Post on a campaign of "sophisticated muckraking"-his term for controversial journalism-that gained the Post well-publicized libel suits but few new followers. As to advertising, the Post, which accounts for two-thirds of Curtis' magazine revenue, has not fared well either. Since 1962, its annual advertising revenue has shrunk by some...
...Curtis' editorial and economic crisis, Blair was ready to blame Adman Culligan. "Joe Culligan," said he, "is a great guy to know-after 5:30." Blair succeeded in selling this view to Marvin Kantor, one of two new men placed on Curtis' board by a group of Wall Street investors in 1962. Kantor had been a partner in J. R. Williston & Beane, the brokerage firm that was shattered last December after tankfuls of vegetable oils, supposed to be one of its principal assets, proved to be nonexistent...
...Decision. Together, Blair and Kantor constructed a case against Culligan-some of it trivial. They objected, for example, to the sumptuous private suite that Culligan keeps at Manhattan's St. Regis Hotel for late evenings in town-and for which Curtis is billed...
...when they are ever mined. Buoyed in part by the blue-sky possibilities in Ontario, Curtis stock rose to a high of 191, has since settled in the vicinity of 121-or about $5 per share above the price at which such Curtis executives as Joe Culligan and Clay Blair can exercise their stock options...
...operations." But President Joe Culligan was still to be heard from. With the powerful support of Boston Banker Serge Semenenko, who put together the consortium of banks that saved Curtis last year, Culligan ripped the whole thing wide open again as he lashed back at his foes. Blair and Kantor, he decreed, were henceforth "relieved from all duties" and "placed on inactive status with temporary leaves of absence pending further action...