Word: clays
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Dates: during 1970-1979
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...good guy in the story is Clay Felker, editor of all three magazines. Felker took over New York, originally the Sunday supplement to the now defunct New York Herald-Tribune, when that newspaper folded in 1968, and made it into the model for slick magazines centering around a particular city. He made money too--revenues of $26 million last year. But Felker started New West last year, and spent about $2 million more than the allotted $1 million budgeted for the magazine's first year of publication; the result was four straight quarters in the red. New York stock, with...
...only person who hadn't been busy, it seems, was Clay Felker. At the first board meeting after the sale, Murdoch demanded two seats on the board, finalizing his control of the company. Murdoch also told Felker he thought he was an editorial genius and asked him to stay and run the magazine. Felker refused, and got busy, winning a temporary injunction preventing the sale of the burden bloc to Murdoch. Voice and New York magazine staffers staged a short walk-out in support of their editor. But later that week, it was back to the conference table. Felker...
...major newspapers, 13 magazines and dozens of lesser publications?had no sooner established himself as the owner of the city's only afternoon paper, the Post (circ. 500,000), than he was making a surprise bid to buy control of the New York Magazine Co. New York Founding Editor Clay Felker, meanwhile, canvassed millionaires around the world for help in fighting the takeover attempt, and even asked the Justice Department to examine the antitrust implications of the whole affair. After a pageant of dramatic late-night board meetings and a spirited ballet of lawyers swirling into court, however, New York...
...story of Murdoch's latest foray begins with Clay Felker, the gifted but erratic editor who virtually invented New York (see box). He first met Murdoch about four years ago at the Virginia home of Washington Post Chairman Katharine Graham. Felker takes credit for introducing Murdoch to Post Publisher Dorothy Schiff, and after Murdoch bought Schiff's ailing Post, Felker offered advice on ways to improve the paper...
...Clay and the Felkers, Richard Reeves and the Vandellas, Candy and the Blue Skies, Bob Grossman and the Wailer--they kept calling all afternoon. Ol' Rupe the Benificient passed out concert dates--and editorial positions on disco publications like they were going were going out of style...