Word: newsprint
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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...
...meeting in Washington to find some friendly method of splitting up the world's raw materials. An allocation plan for sulphur has already been drawn up, and plans are soon due for lead and zinc. The conference has already sent an emergency supply of 3,000 tons of newsprint to France...
Cousins figured that the U.S.-with one-seventeenth of the world's population -uses up 65% of the 9.7 million ton world newsprint supply. He thinks U.S. publishers can all shave their supply slightly, contribute the paper to a pool for foreign publishers. Said Cousins: "At a rough estimate, 250,000 tons made available to the press of the world would meet the present total emergency outside America. This would be 4% of American consumption [and for each U.S. newspaper] might average out to less than a page...
Twelve major Ontario (Canada) paper manufacturers last week worked out a tentative agreement with union leaders on another way to tackle the world newsprint problem. Key provision: skilled paper makers will give up twelve of their Sunday holidays each year (at time-and-a-half pay) to produce extra newsprint exclusively for democratic users in Europe and Asia. Estimated 1951 increase, if all Ontario mills sign up: 42,000 tons...