Word: circe
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...store can be hard on a marriage. Facing that fact last week, David and Cathy Mitchell, both 37, owners of the weekly Point Reyes (Calif.) Light, put then: little gem (circ. 3,300) on the block. Asking price: $135,000. They won a Pulitzer Prize in 1979 for an investigative series on Synanon, the controversial drug-rehabilitation center, but such ambitious undertakings were hard to fit into their 70-hour, seven-day weeks. Explains David: "We are journalists, and the business end of it was taking up too much time." David will become a reporter for the San Francisco Examiner...
...presses were already rolling at the Nuremberg plant of the West German women's weekly Die Aktuelle (circ. 550,000) when local court officials slapped the publication with an injunction at 4 a.m. last Friday. Facing a $200,000 fine or six months' imprisonment, the publishers nevertheless ordered the staff to proceed; by midmorning, an outsize print run of 925,000 copies was being distributed throughout West Germany. The offending article: a six-page cover story headlined "The Whole Truth About the Phone Calls Between Prince Charles and Lady Diana: No Scandal, but Love, Longing and a Touch...
MARRIED. Joseph Granville, 58, flamboyant Wall Street analyst and publisher of the Granville Market Letter (circ. 13,000), whose investment advice in January to "sell everything" was followed by a 23.80-point plunge in the Dow Jones average; and Karen Erickson, 38, a commercial artist; he for the third time, she for the first; in Kansas City...
Goldsmith badly misjudged his market and competition. Because Britain is small and has excellent rail service, the leading London newspapers are distributed nationally. The Sunday editions (combined circ. 17.8 million) provide extensive national and international news, in-depth background reports and a wide range of reviews and entertainment stories. Also well entrenched are the Economist (U.K. circ. 69,000), TIME (British Isles and Ireland circ. 78,000) and Newsweek (circ. 40,000). Now! could not decide whether it was a feature or a newsmagazine. Its reporting never matched the newspapers', and its writing and analysis fell far short...
Before starting Now!, Goldsmith, 48, a flamboyant food conglomerate millionaire and owner of the French newsweekly L'Express (circ. 585,000), tried to acquire the Observer and then bought 35% of the nonvoting stock in the Beaverbrook chain, whose flagship is the Daily Express (circ. 2.3 million). He made no secret of the fact that he wanted a foothold in British publishing to advance his political ideas. By his own description, he was a "frustrated politician" worried about Britain's drift to the left...