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...shake-out is at hand. Magazines are going under or changing hands at a dizzying rate. Owen Lipstein's Psychology Today suspended publishing in February; struggling monthlies such as CMP's Long Island Monthly and Time Inc. Magazines' Southpoint went out of business; Rupert Murdoch's debt-ridden News Corp. sold the gossipy Star to the National Enquirer and delayed plans to launch its own weekly newsmagazine...

Author: /time Magazine | Title: Press: The Big Shake-Out Begins | 7/2/1990 | See Source »

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