Word: circe
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Dates: during 1950-1959
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Risky. With the News he also got its subsidiaries: the Huntsville. Ala. Times (circ. 18,988), radio stations WAPI, WAFM and WHBS, TV station WABT and a freight company. Last year the News and subsidiaries piled up $3,000,000 in profits before taxes. A big reason for the fat profit is the fact that the News holds a virtual monopoly in Birmingham. By 1950 it had grown so strong that it forced the Scripps-Howard Birmingham Post, now the Post-Herald, into a junior partnership. Though separately written, the Post-Herald is printed and distributed by the News...
...last two buys, the Portland Oregonian and the St. Louis Globe-Democrat (TIME, April 4), the purchase of the News put Newhouse into a new region of the U.S. It also put him right behind the Hearst and Scripps-Howard chains, with an empire of 13 newspapers (total circ. 3,576,320) worth an estimated $70 million. The News was sold by its five trustees, heirs of the late Publisher Victor Henry Hanson, who, over 36 years, built the News (daily circ. 180,215, Sunday circ. 219,804) into one of the most prosperous U.S. dailies. The deal was started...
Employees of the Cincinnati Enquirer (circ. 202,951), led by Reporter James H. Ratliff Jr., made U.S. press history three years ago by raising the cash to take over their own paper (for $7,600,000) to save it from being sold to the rival Taft-owned Cincinnati Times-Star. For his leadership, Ratliff won front-page stories, became vice president and secretary of the company. Last week the Enquirer ran another story on Ratliff on page six. He had been "removed" from those jobs, thereby touching off a new and bitter fight for control of the city...
...Sunday Mail and the Evening News ("This is mainly an experiment-we don't know much about evening papers"), King made a deal to have the huge Kemsley plant in Manchester print 1,000,000 copies of the Mirror and 1,500,000 copies of the Sunday Pictorial (circ. 5,466,255). "We've been under a handicap," explained King, "by printing only in London while others have printed in both London and Manchester. We have had to close out our northern copies early." On the way up, Cecil King passed another press lord. Lord Kemsley, 72, once...
...Cruel Hoax. Jean-Jacques Servan-Schreiber's L'Express (circ. 75,000) promptly slashed at the Elle charges with double-page center spreads in defense "of that most fragile of human mechanisms: a poet." The paper ran photostats of Minou's green-inked scribbling, complete with its own expert's handwriting analysis ("imagination, energy, naive assurance") and psychological deductions ("harmoniously developed, neither stupid, nor poor nor vulgar...