Word: hearsts
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Dates: during 1980-1989
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...Herald Examiner's 170 editorial employees seem destined to play David to the Goliath Times (circ. 1.1 million), with its 850 staffers and annual profits of $200 million. Though the Herald has much to commend it, including playing up local stories and sometimes producing sprightlier writing than the Times, Hearst seems unsure what to do with its laggard child. Company officials, especially Robert Danzig, general manager of Hearst newspapers, are chronically indecisive about a redesign, despite having commissioned five prototypes over the past eight years, including versions of a tabloid format favored by Acting Editor John Lindsay. He quit...
...editor, the firm has created a pair of winners, Country Living and Colonial Homes, and has just launched Victoria, a glossy, evocation of the Victorian era complete with recipes for potpourris. Though the magazines contribute an estimated 65% of the company's net profits, some face increasingly aggressive rivals. Hearst's Harper's Bazaar, the tony fashion journal that has run second to Conde Nast's Vogue, is now being challenged by the frisky, well-designed Elle, an American cousin of the French original. House Beautiful is losing ad pages to its onetime equal, House & Garden, which has gone upscale...
...middle-level staffers tend to earn less than their colleagues at other magazine-publishing companies, and turnover is high. Bennack and Gilbert Maurer, president of the magazine division, pride themselves on giving editors freedom in running their publications, though the absolute power is not always uplifting. "Working at Hearst is like life in the Medici Palace," observes a longtime Hearst executive. "All is favoritism...
...founder's 40 or so living descendants, about a dozen work at Hearst, but most of them hold relatively minor jobs. John Hearst Jr. is an editor of Motor Boating & Sailing, while Anne is an editor at Town & Country. The Examiner's Will Hearst, one of the company's stars, is considered a candidate to run the company, but he denies that ambition and praises Bennack. "Having a Hearst in charge could make things more divisive within the family," he says...
William Randolph Hearst Jr., 79, editor in chief of Hearst newspapers and one of the founder's two surviving sons, contributes a weekly conservative diatribe to the company's papers, but his involvement is otherwise sporadic; he has been known to phone editors late in the evening to complain about an editorial cartoon or the placement of an ad. What makes the relatively minor role of the Hearstlings in running the shop so intriguing is that they own the store. The family trust holds 100% of the stock, and dividends are distributed only to relatives. Yet only five...