Word: clay
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Dates: during 1970-1979
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...Friday, Clay S. Felker, New York Magazine Company president, resigned, after Murdoch consolidated his financial control of the company last week...
...York magazine, Founder-Editor Clay Felker likes to remind his readers, is about "how the power game is played, and who are the winners." In or out of print, there has been no abler exponent of the Felkerian philosophy than the ingenious Felker himself. From its first issue of April 8,1968, his avenue-smart urban-survival one-upmanship manual has exerted an influence far beyond its current 375,000 circulation and Manhattan bailiwick. Though it is frequently footling and vulgar, the weekly's intelligence and imaginative thrust have given its aggressive boss the money-power to take over...
That is not how the power game has turned out for Editor Felker, 51. Last week two of the biggest potentates in publishing battled for the feat of Clay. The combatants: Katharine Graham, 59, board chairman of the Washington Post Co., which in addition to the D.C. daily owns Newsweek, the Trenton Times and four TV stations; and Rupert Murdoch, 45, buccaneering Australian proprietor of ten major newspapers and eleven magazines-including, as of last week, New York City's afternoon daily the Post, where he is editor in chief. Up for grabs: control of the umbrella New York...
Wilson said he joined the board three or four years ago upon invitation from Clay S. Felker, the company's president and a friend of Wilson...
Three years ago Murdoch moved his headquarters to Manhattan, took a Fifth Avenue duplex, and enrolled his three children in local private schools. Clay Felker brought Schiff and Murdoch back together again at his home and, over lunch last September, Murdoch made her an offer. "I won't say how much," he says, "but we didn't get around to it until after coffee...