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...LIFE's advertising rates had been set for the first year with the expectation of a small and slowly growing circulation. When the demand for it went beyond the capacity of the presses to print, advertisers swarmed aboard for a free ride, while the bills for paper and ink alone swallowed up the magazine's revenues?and then some. Before launching LIFE, Luce had declared: "It can be safely assumed that $1,000,000 will see LIFE safely through to a break-even 500,000 circulation or to an honorable grave." Yet Time Inc. spent $5,000,000 to keep...

Author: /time Magazine | Title: Nation: He Ran the Course | 3/10/1967 | See Source »

Death is no Dickensian satire against a Dotheboys Hall; the boys are as rotten as the masters. Ferdinand's only friend is a cretin named Yongkind who alone is incapable of malice or treachery. But he is made otherwise disgusting: gibbering, fouling his clothes, drinking ink, slavering over his food like a dog; his answer to everything is "Don't worry," or "Right as rain...

Author: /time Magazine | Title: Books: Rage Against Life | 1/13/1967 | See Source »

Have you heard about the cow who drank ink and mooed indigo...

Author: /time Magazine | Title: A Letter From The Publisher: Dec. 16, 1966 | 12/16/1966 | See Source »

Though he inherited an ocean of red ink, Lindsay has begun to restore the city's fiscal integrity with his new taxes. To balance a welfare-bloated budget of $4.5 billion -bigger than any other state budget except California's and destined to swell still more next year -he is pressing the state for as much as $150 million in new aid, has opened a Washington office so that New York can get a larger slice of the federal pie. After the state legislature blocked his attempt to gather all the city's transportation functions under...

Author: /time Magazine | Title: New York: Governing the Ungovernable | 12/16/1966 | See Source »

Cowling-Deep in Red Ink. A merger at this time, some observers feel, might be the best thing that could happen to Douglas. Ironically, nothing has failed the company so much as success. Swamped with a $3 billion backlog of orders, Douglas has burned up its financial resources attempting to accelerate production. In September, the company reported nine-month losses of $16.4 million. And despite a record November output of twelve commercial jet transports worth $38 million, Douglas is four months behind in its delivery dates, slipping further because of continuing shortages of skilled aircraft workers...

Author: /time Magazine | Title: Management: Mr. Mac Tries Again | 12/16/1966 | See Source »

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