Word: murdoch
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Dates: during 1980-1989
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...papers were feisty and profitable, brimming with grisly crime stories and pictures of scantily clad women. But Rupert Murdoch, 49, was never content to be lord of the tabloids. He gained a foothold in New York with the racy Post, then reached for a more literate audience with New York magazine and the Village Voice. Now the Australian publisher has reached an agreement to purchase one of the world's most staid and revered publications, the Times of London...
...Murdoch has made his acquisition of the Times (circ. 290,000), the Sunday Times (circ. 1,425,000) and three weekly supplements (Literary, Educational and Higher Education) contingent on their unions' agreeing to manpower reductions and other concessions within three weeks. The present owner, the Toronto-based Thomson Organization, has fought long and unsuccessfully to introduce computerized typesetting equipment, which would save labor and money. After losing more than $30 million last year, Thomson put the papers on the block, declaring that it would fold them in March if no buyer could be found. Enter Murdoch, who is reported...
...very least, Tonight offers readers a needed alternative to the Post, which has used its once exclusive position as the only general afternoon daily in town to flaunt the Murdoch formula: skirting serious news while playing up sex, celebrity gossip and crime. The formula has paid some dividends; circulation is up 30,000 over the past year, to 654,000, though the Post still costs Murdoch an estimated $8 million a year in losses from an otherwise profitable empire that includes newspapers, magazines and airlines...
Felker, 51, the innovative founder of New York and New West magazines and former publisher of Manhattan's Village Voice, all of which Murdoch wrested from Felker's control...
...magazine experience, Felker is no stranger to New York newspapering. Before the old World Journal Tribune died in 1967, leaving the afternoon field to the Post, he was hired to help liven up the paper. Felker bridles at suggestions that he took the Tonight job so he could "zap Murdoch." He says he just wants to put out a solid afternoon paper "for people who have been in a news vacuum...