Word: riepen
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Richard H. Missner, one of the two publishers who shared control of The Phoenix, bought out his partner. Ray Riepen, yesterday morning after a long struggle. Missner, who has been with the paper since April of last year, gained control of it, he said, "for a cash sum in five digits...
...staff is very happy about it," Editor Harper Barnes said yesterday. Members of The Phoenix staff willingly forfeited pay for the past two weeks in order to continue publishing the paper, and many vowed to resign if Missner was unable to buy out Riepen...
Missner created the network of street hawkers, which has been a factor in making The Phoenix Boston's largest selling newspaper. He also supplied most of the money throughout his partnership with Riepen...
...paper's future depends upon whether one of the publishers-millionaire backer Richard H. Missner or Ray Riepen, part-owner of Radio Station WBCN-manages to buy the other out. Most of the staff has pledged to resign unless Missner gains full control...
...partners have equal voting stock in The Phoenix, although Missner has contributed most of the money since they took over last April. "I expect that Missner will buy Riepen out,possibly by the end of the week," Editor Harper Barnes said yesterday. "If that happens, The Phoenix will survive...