Word: circe
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...than fiction, there are also fewer happy endings. So it was for Archer, 46, deputy chairman of the Conservative ! Party and the author of six top-selling novels, including Kane and Abel and the current best seller A Matter of Honor. Last week the Sunday News of the World (circ. 4.8 million) carried a five-page story claiming that Archer had offered Prostitute Monica Coghlan (pounds)2,000 ($2,800) to pay for a trip abroad to avoid scandal. The same day, Archer resigned the post to which Prime Minister Margaret Thatcher had appointed him a year earlier...
...many companies can reap handsome profits by giving away everything they produce. But in the newspaper business, an enterprising group of publishers is doing just that. By relying solely on advertising revenues, their papers prosper without charging readers a cent. From the suburban Boston Tab (circ. 150,000) to Berkeley's East Bay Express (circ. 45,000), free newspapers, most of them weeklies, are finding lucrative editorial niches and providing a sprightly alternative to established dailies...
Many of the alternative weeklies have their roots in the counterculture protest papers of the 1960s, but like their readers, most of the editors these days are a bit more materialistic. The Phoenix New Times (circ. 130,000) was operated by a collective until Publisher Jim Larkin and Editor Michael Lacey bought the paper in 1977 after they had left the group. Now New Times has annual ad revenues of $6.2 million. Says Larkin: "We've gone from being a collective to being champions of free enterprise...
Just another morning at the Free Lance-Star, which has been serving Fredericksburg and its surrounding counties for more than 100 years. One of America's nearly 1,700 daily newspapers, the Star (circ. 34,464) is not exactly the nation's best known. Yet within the scope of its own ambitions, % the Star embodies what is sturdy and special about American journalism. Owned by the Rowe family, the paper is adamantly independent of any power outside the newsroom. Though the paper carries foreign and national news, its true value lies in its coverage of the local scene, from city...
Times Mirror, which had 1985 profits of $237 million on revenues of $2.96 billion, has been on a buying spree. Two days before the Sun deal, the company said that it was buying the National Journal (circ. 5,100), a prestigious Washington weekly. Once known mainly for its flagship paper, the Los Angeles Times, Times Mirror now draws about 40% of its revenues from its East Coast operations. One star performer: Newsday (circ. 582,388), a fast-growing Long Island daily that is ambitiously expanding its distribution in New York City...