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...resumed her maiden name recently (with the prefix Mrs.) "to avoid confusion" with Wa-laceite. Ted, now editor of the new Manhattan tabloid, Daily Compass...

Author: /time Magazine | Title: The Press: New Postman | 6/6/1949 | See Source »

...editor without a mouthpiece. Last week a way was found to employ both editor and presses. With money furnished by a generous backer, Ted Thackrey bought the Star's equipment, prepared to launch a new 10? morning tabloid in New York City next week. Its name: the Compass...

Author: /time Magazine | Title: The Press: Angel in the Wings | 5/16/1949 | See Source »

...Compass will start out on a modest 24-page scale, pointing its needle to what Thackrey calls "the non-Communist left." Working as publisher, editor and managing editor, Wallaceite Thackrey thinks he can make money on 65,000 circulation and whatever advertising he can get. His editorial staff of 25 will include Medical Writer Albert Deutsch and Washington Correspondent I. F. ("Izzy") Stone, both survivors of PM and the Star, whom Thackrey harbored at the Post. The Compass' sport editor will be Stanley Woodward, onetime head of the New York Herald Tribune sport staff, lately editor of the short...

Author: /time Magazine | Title: The Press: Angel in the Wings | 5/16/1949 | See Source »

...World. Ted Thackrey met Mrs. Elaine for the first time about three weeks ago, through a mutual friend who intended to put up half the money for the Compass. When the friend backed out, Mrs. Elaine coolly agreed to put up both halves. For around $2,000,000 she will get all the preferred stock; Thackrey will hold 51% of the common, and complete control...

Author: /time Magazine | Title: The Press: Angel in the Wings | 5/16/1949 | See Source »

...that looked like 'shiny chromium hubcaps." Two pilots n Alabama saw a huge black object bigger than an airliner. A man in Oklahoma City saw a "saucer" as bulky as six 6-B29s. A prospector in the Cascade Mountains saw six discs that made the needle of his compass gyrate wildly. Little children saw little discs. Two kids in Hamel, Minn, reported that a dull grey disc two feet across had come right down between .hem, hit the ground, spun around, bounced up again making whistling noises, and sped off over the trees...

Author: /time Magazine | Title: Science: Things That Go Whiz | 5/9/1949 | See Source »

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