Word: stern
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Dates: during 1980-1989
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...immigrations stir hatreds, but if anything, the new Asians at least may be more welcome than most of the Italians in the generation of Lee Iaccoca's father. So many of the Asians come from the middle class, or aspire to the middle class, and are driven by a stern Confucian ethic...
...feature common to both magazines, however, was their extreme caution in handling their respective scoops. Stung, perhaps, by the derision it drew after it fell for a hoax in publishing the so-called Hitler Diaries two years ago, Stern downplayed its pictures of the old man in Brazil. On its cover the magazine ran its standard topless beauty, and it held its press run to the usual 1.6 million copies...
...story of Leonard Stern sounds like something out of Capitalist Times. Son of the founder of Hartz Mountain Industries, Stern, 47, is the chairman of the world's largest purveyor of pet products. Intense and blunt-spoken, he may be worth as much as $1 billion, but only his accountant knows for sure: Stern's company is privately owned and he rarely talks to reporters. Now he will have trouble avoiding them. Last week Stern bought the Village Voice, the crusading, leftish weekly whose brand of political and cultural journalism shaped a generation of underground newspapers...
...Stern paid slightly more than $55 million in cash for the Manhattan-based paper, approximately what Press Baron Rupert Murdoch had been asking. Murdoch, who acquired the Voice, New York magazine and New West in 1977 for $16 million, decided to sell the 30-year-old weekly two months ago. The paper (circ. 150,000) made about $5 million profit before taxes last year...
Many of the paper's 150 staffers worry about Stern's vague politics ("I have not been politically active," he says. "I guess I'm a liberal"), and his company's reputation. In 1978 federal officials ordered Hartz to rehire employees who had been fired during a union-organizing drive, and last year the firm pleaded guilty to perjury and obstruction of justice in an antitrust suit. But veteran Voicers take comfort from the Murdoch reign. Says Columnist Jack Newfield: "I thought Murdoch, on paper, was going to turn out to be a monster, but he gave us complete freedom...