Word: circ
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Dates: during 1970-1979
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Newspapers and petroleum companies are not obvious and natural allies. So it came as a surprise to many Britons last week when the Sunday Observer (circ. 668,000), one of Fleet Street's most literate papers, was purchased by the Atlantic Richfield Co., a $7 billion Los Angeles-based oil giant. The token price: one pound sterling, or about...
...publishers tend to do," he recalls, "told her I was in town and would like to have a look at her plant." It was love at first sight. "I lusted after the Post," he says. So had many others. The oldest continuously published daily in the U.S., the Post (circ. 500,000) has been the only afternoon paper in the nation's largest city since 1967-but Dolly Schiff had failed to make the most of it, editorially or financially. Last week Murdoch plucked the unripened plum. He waltzed Dolly into an agreement in principle to sell...
Schiff may have had some misgivings about Murdoch. He is a leading practitioner of what Fleet Street calls the "tits and bums" school of journalism; his London tabloids, the News of the World and the Sun (combined circ. 9 million), celebrate crime and cheesecake. In the U.S., Murdoch's three-year-old national Star (circ. 1.3 million) is a gaudy but not particularly profitable cousin of the mindless National Enquirer, and his San Antonio Express and News (combined circ. 156,000) is even worse (sample scoops: UNCLE TORTURES TOTS WITH HOT FORK, HANDLESS BODY FOUND, GIRLS STREAK AT GUNPOINT...
...Charlotte Observer (circ. 169,968), owned by the Knight-Ridder chain, sends four editions across the Carolinas every morning, and more than 60% of its readers live outside Charlotte. Editor C.A. McKnight covers a lot of ground with only 38 reporters, but does not slight long-term investigative projects. One example: Observer reporters spent 21 months digging through expense vouchers at the Southern Bell Telephone Co.; so far, eleven executives have been indicted for cheating the utility. The paper's support of school busing has not pleased many readers, but Editor Reese Cleghorn's sensitive editorials rarely offend...
...circ. 204,747) loaded its presses onto a railroad car in 1862, and then gave the advancing Yankees hell from all over the South. The hell-raising persists, but the enemy has changed. The paper's 1975 expose of racial discrimination in local apartment complexes led to one of the largest cash settlements in the history of open-housing litigation. This year the Commercial Appeal revealed how Memphis' biggest department store was spying on customers in its dressing rooms, and endorsed a black candidate with a white wife over 15 white opponents for the office of county legislator...