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...costliest and hardest-fought newspaper rivalries in the U.S. In a battle for dominance of the sixth largest market in the nation, the powerful Knight-Ridder Newspapers Inc. has spent an estimated $23 million since 1979 to cover losses at the morning Detroit Free Press (circ. 646,476). The smaller, family-run Evening News Association, which owns the all-day Detroit News (circ. 666,949), has paid even more. It allegedly used revenues from five television and two radio stations to offset an estimated $41.5 million in losses at the paper from 1981 to 1984. ENA Chairman Peter B. Clark...
...away, while the influx of Hispanics and Asians has ( given rise to dozens of new publications. The U.S. has six Spanish-language dailies, with a combined circulation of 325,000. There is a newspaper war of sorts in New York City, home to both the venerable El Diario/La Prensa (circ. 70,000) and the upstart Noticias del Mundo (circ. 57,000), owned by the publishing arm of the Rev. Sun Myung Moon's Unification Church. In Los Angeles, La Opinion (60,000) competes against Noticias' West Coast edition (30,000). The Midwest is served by Chicago's El Manana Daily...
...more than $55 million in cash for the Manhattan-based paper, approximately what Press Baron Rupert Murdoch had been asking. Murdoch, who acquired the Voice, New York magazine and New West in 1977 for $16 million, decided to sell the 30-year-old weekly two months ago. The paper (circ. 150,000) made about $5 million profit before taxes last year...
...employees at the New York Post. Though circulation has almost doubled since Murdoch bought the paper in 1976 (from 500,000 to 900,000), the tabloid still loses about $10 million a year. Potential buyers include the Chicago-based Tribune Co., which publishes the New York Daily News (circ. 1,391,000), and the Times Mirror Co., owner of Long Island's Newsday (circ. 542,000), which is making a strong bid to break into the New York City market. Either company, however, might purchase the Post only to close down a pesky competitor and take over its press plants...
...editor stressed last week that his changes at U.S. News will be "evolutionary," thus echoing Zuckerman's pledge not to alter the magazine precipitately and risk alienating longtime readers. With a circulation of 2 million, U.S. News runs a distant third behind TIME (U.S. circ. 4.4 million) and Newsweek (2.8 million). Ad pages dipped slightly last year, but revenues rose 8%, to $101 million. One sure change will be the magazine's look: Zuckerman has hired Designer Walter Bernard, who worked with Coffey on new graphics for the Post last fall, to restyle U.S. News...