Word: felkers
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...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...
...weeks ago, sensing that some major stockholders had tired of his profligate ways and wanted out, Felker confided to Murdoch his fear that he might lose editorial control of the company. Next thing Felker knew, Murdoch was negotiating with the biggest (23.8%) stockholder, Manhattan Socialite Carter Burden. In near desperation, Felker turned for help to Kay Graham, an old, close friend. By week's end, Murdoch seemed to have the upper hand after the bidding had gone to $7.50 a share for stock that had been traded over-the-counter for $2 a month earlier, raising the paper value...
Managerially, the triple Felkerburger-New York, Village Voice, New West-had become something of a monster. Says a company insider: "With one magazine, Felker could get away with his highly personalized approach. But it's impossible with three publications 3,000 miles apart...
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...