Word: newsprint
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Dates: during 1950-1959
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Occasionally the calloused thumb of an exchange editor is arrested in its perambulations through the weekly stacks of newsprint by an item to make the hand pause, the eye light, and the mind reel. As a public service we reprint parts of the following lead editorial from The Technique, semi-weekly spokesman of Georgia Tech. and self-designated as "The South's Livellest College Newspaper...
...Buenos Aires' last surviving independent daily is La Natión-proud, conservative, accurate. Argentines who hunger for honest news instead of government pap now queue up at the paper's office at 6 a.m. to buy the few extra copies available (Perón controls the newsprint and holds the circulation down to 180,000 daily). Dealers sell copies for 25 times the normal price. When La Natión reported last week's rail strike factually instead of parroting the government line, the Perónista press and radio launched a vicious attack...
Argentine law exempts newsprint from import duties when it is used for "cultural" purposes. Last week the Perón government ruled that newsprint used for advertising is subject to the tariff. From the Ministry of Finance to the chief opposition papers went telegrams demanding payment of back duties. For La Prensa, ordered to come across in 72 hours, the ruling meant that its recent "expropriation" by the government was actually confiscation; the $2,300,000 assessed for customs would probably just cancel out the newspaper's "value" the way the government will compute it. For La Naci...
Post-Dispatch Publisher Joseph Pulitzer had bought the Star-Times's name, linotypes, presses, newsprint and circulation (179,803) to gain a monopoly in the afternoon field, leave St. Louis with only one other daily newspaper, the thriving morning Globe-Democrat (circ. 282,611). Reported price: between $3,500,000 and $8,000,000. The downtown five-story Star-Times building was not included in the deal; neither was the paper's ABC radio outlet, KXOK, or its FM affiliate. Star-Times Publisher Elzey Roberts had sold out because "material costs have risen faster than the increased revenues...
What prompted Roberts to get together with Pulitzer three weeks ago was the fact that newsprint was going up $10 a ton (TIME, June 18). Roberts' plan for the new Saturday-Sunday edition-aimed, newsmen suspected, at bluffing the morning Globe-Democrat into merging production facilities with the Star-Times -was not working out. Said Roberts: "As a businessman, I've given 36 years of my life to this business. But I'll be 60 next March, and I don't intend to go broke gracefully." The outlook for almost 600 Star employees, including 100 editorial...