Word: manno
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Dates: during 1960-1969
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...Vincent J. Manno of Manno & Romano, the newspaper brokerage firm that brought the two publishers together, the transaction represented a "new horizon for the newspaper field." In the joint announcement made by the two companies, Newark News President Edward Scudder said that "although the News has never occupied a stronger position in its field than it does today, I am convinced that the vast resources and prestige of Time Inc. will contribute tremendously to its growth and service to its readers." Time Inc.'s plans for the News will be made public when the transaction is concluded...
Jumping the Traffic. No matter how high the quality of the editorial product, costs must be kept down, the work force reduced, union restrictions eliminated, production fully automated. "One thing you've got to have is a modern plant," says Vincent Manno, the New York newspaper broker who brought Hearst, Howard and Whitney together for the ill-fated W.J.T. merger. "You can't spend less than $25 million and have the kind of plant necessary to put out a paper in the city of New York. A fully automated plant contemplates that the unions would permit...
Monopoly on Merit. "This town can't support seven newspapers," says New York Newspaper Broker Vincent J. Manno. "If you added all seven together, you wouldn't come out with a net profit of $2,000,000 a year." To Scripps-Howard's Roy Howard (World-Telegram & Sun) and William Randolph Hearst Jr. (Journal-American, Mirror), the cost of keeping their papers going is worth it just for having New York as a prestige outlet for their chains...
Accent on News. These laments strike no nearer the heart of New York's newspaper problem than Broker Manno's statement that seven newspapers are more than New York will support. For not even seven newspapers may be enough for a city with a potential metropolitan-area readership exceeding 9,000,000. This possibility has occurred to New York Times Publisher Orvil Dryfoos. although he puts it another way. "We're successful," said he, "because of the emphasis we put on the first syllable in the word 'newspaper.' There is ample room for serious treatment...