Word: stouch
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...Crowell-Collier debentures, convertible to 600,000 common stock shares (at $5 a share). It also took an option to buy half the 400,000 shares (26% of outstanding stock) held by the late Joseph Knapp's Publication Corp. and voted by Crowell-Collier Chairman Clarence Stouch. The new group wanted to clip Stouch's power, make Smith...
...going biweekly, Cottier's will cut down on costs, and President Clarence E. Stouch hopes the magazine will fatten up and break the "vicious circle." The biweekly Collier's will run at least 112 pages, initially guarantee advertisers a circulation of 3,500,000, an increase of 400,000 over the fourth quarter of 1952. President Stouch blamed Collier's decline on competition from television, even though other magazine men pointed out that such weeklies as the Satevepost and LIFE have not suffered from TV. Collier's expects to run more fiction, more serials and more...
...week," 2) a drastic staff shakeup. Last week, after three years of the Ruppel treatment, the whirlwind blew itself out. Up on Collier's bulletin board went a tight-lipped announcement: "The resignation of Louis Ruppel as editor of Collier's was announced today by Clarence E. Stouch, president of the Crowell-Collier Publishing Co." Surprised staffers got no explanation of the break, but it was plain that the magazine was something less than sorry to see Ruppel...
Retreat. After the articles appeared, Millionaire McCormack and his lawyer demanded a letter of retraction from Crowell-Collier President Stouch. Stouch gave him a letter, and McCormack distributed it. Recently it was printed for the first time in an obscure Manhattan vegetable and fruit trade paper, Produce News...
...Said Stouch's letter: "The sole purpose of Collier's in publishing the articles . . . [and] the advertisements . . . was to make comment on matters of vital interest and importance to our country. We never intended the term 'Mr. Big,' as applied to you, to have any connotation of evil or association therewith, or to reflect on your integrity, or to imply that you are allied with racketeers, gangsters and mobsters. We will not republish the articles or advertisements, nor will we give our assent to the republication thereof. We are confident that your and our interest...