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...wonder then that Fleet Street's proprietors are trying to pare expenses by modernizing plants and cutting work forces. One owner whose efforts foundered is Lord Hartwell, whose family has run the Daily Telegraph (circ. 1.2 million) since 1928. In June Hartwell assembled a $156 million package to pay for both modern printing plants and severance for hundreds of his workers. Faced with a money squeeze this month, Hartwell sold a 35% stake to Hollinger Argus, Ltd., a Toronto-based mining firm owned mostly by Conrad Black, a Canadian tycoon whose holdings range from radio stations to supermarkets. Black...
Irving Kristol, often described as the godfather of neoconservatism, came up with the notion about three years ago. The Public Interest (circ. 12,000), the neocon-servative quarterly devoted to domestic issues that he helped found 20 years ago, had shown that it could attract an in-tensely loyal audience. So why not start a similar journal on foreign policy? This week Kristol will test that idea when the National Interest hits the newsstands. The new quarterly, says Kristol, will provide a forum where conservatives "can argue with one another...
...circulation will reach 12,000 within two years. The nonprofit magazine is supported by several conservative groups, including the John Olin Foundation, which contributed $600,000. Kristol is already optimistic enough about the journal's potential influence to label it part of a new "trinity," along with Foreign Affairs (circ. 90,000) and Foreign Policy...
...Association, the parent firm of the Detroit News, which has been controlled by the Scripps family for 112 years. Gannett offered $1,583 a share for a total of $717 million, beating out Washington Redskins Owner Jack Kent Cooke and Hollywood Producer Norman Lear. Besides the money-losing News (circ. 667,000), Gannett will acquire lucrative television stations in Washington, Tucson, Oklahoma City, Austin and Mobile. Since the Federal Communications Commission restricts a company from holding media properties in the same market, Gannett must decide whether to sell several possessions, including the Tucson Citizen...
What do Supermodels Cheryl Tiegs and Cristina Ferrare have in common? Well, yes. But besides stunning looks, they both launched their careers by appearing on the cover of Teen magazine (circ. 992,000). Last week Molly Brenner, 13, took a giant step toward joining the list of famous alumnae by winning the magazine's Fifth Annual Great Model Search. The ninth-grader from Bloomfield Hills, Mich., will receive, in addition to an appearance on the cover of Teen, a $5,000 modeling contract and a new car. Posing for the camera will be no big deal for Brenner...