Word: metrocorp
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Last week Metrocorp's Manhattan, inc., which won a 1985 National Magazine Award for general excellence and critical acclaim for its lacerating exposes of the New York City business community, announced that its July issue would be the last. The magazine and its top editor will be subsumed by Fairchild Publications' M, a clothes-conscious men's periodical. The new title: M inc. Manhattan, inc. lost more than $8 million over six years, says publisher D. Herbert Lipson. Its ad base was crippled when New York's financial and real estate markets went dry. The 1987 stock-market crash stole...
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