Word: mccloskey
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Dates: during 1950-1959
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When Millionaire Contractor Matthew H. McCloskey sold his Philadelphia Daily News (circ. 192,401) to the Philadelphia Inquirer's Walter H. Annenberg last week, no one was more surprised than the News's publisher, David ("Tom") Stern III. Since taking over management of the ailing Democratic tabloid a year ago (TIME, Jan. 7), Philadelphia-born Tom Stern, 48, had cut its losses from $225,000 a month to $40,000 a month, and estimated that it would lose no more than $200,000 in 1958. "Given a reasonable amount of time, we would have had an independent...
Also puzzled were Philadelphia newsmen. Why did Walter Annenberg, whose staunchly Republican morning Inquirer has often feuded with McCloskey in the past, want the Democratic morning News (long known to Philadelphians as "The Dirty News")? Why had the Democratic Party's longtime National Treasurer Matt McCloskey capitulated? Though neither the civic-minded Inquirer (circ. 609,350) nor Robert McLean's quietly thorough afternoon Bulletin (circ. 718,007) paid more than cursory attention to the sale, the answers seemed clear enough. Hard-headed Contractor McCloskey, who had pumped some $5,000,000 into the News in his three years...
...room for such a paper." The new management also moved swiftly to cut the payroll, and by week's end had laid off 77 staffers, including 16 newsmen and some 30 truck-drivers. To News employees it was an old story. Just before Christmas last year, Matt McCloskey fired 64 (of 117) editorial staffers...
Charles R. Cherington, professor of Government, was equally outspoken: "I'm delighted that he's out, but Rogers is worse. It means more of the police state." Robert G. McCloskey, also professor of Government, commented that he was afraid that Brownell's formal resignation did not mean he would lose his political influence, which, McCloskey said, "has been pernicious in the extreme...
Assistant Dean Harry H. Hoehler will be the first to continue the program in August speaking on the 1 and 2 followed by The Reverend Leonard G. Clough on August 5, 6, 7, and Professor Robert G. McCloskey on August 8 and 9. On August 12, 13, and 14 The Reverend Samuel H. Miller will speak; on August 15 and 16 Professor Dana M. Cotton; and on August 19, 20, and 21 Mr. Walter F. Smith...