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...version of Cosmopolitan or Seventeen,” came out in December 2005 amidst questions over its financial sustainability. This year, the magazine printed only 200 copies—3300 fewer copies than last year’s pioneer issue—with grant money from the Ann Radcliffe Trust and the Undergraduate Council. “[We] printed out exactly as many copies as we had grant money,” Sebastian said. But despite the limited funds, Freeze’s sophomore issue has expanded in both length and range of content with a 64-page issue, themed...
...eaten model, the family-owned companies behind the country's three best newspapers: the New York Times, the Washington Post and the Wall Street Journal. The Bancrofts were unique in their disengagement from the business they controlled. But their view of the company they inherited as a trust whose value exceeded the dividends it generated was shared by the more hands-on Sulzbergers of New York City and Grahams of Washington. "It's not just family ownership," says Alex Jones, director of Harvard's Shorenstein Center on the Press, Politics and Public Policy and co-author of two histories...
...bunch of far-flung cousins to run the business they own as a public trust. Lately there has been much talk of restructuring news organizations as actual trusts--that is, nonprofits. Florida's St. Petersburg Times is the biggest American paper that works this way; overseas the Guardian in England and the Frankfurter Allgemeine Zeitung in Germany are foundation owned. Creating these entities, though, requires a far greater sacrifice than any made so far by the Bancrofts, Grahams and Sulzbergers: they would have to hand over their shares without recompense...
That is no majority--one key difference between the Murdochs and the Bancrofts. A bigger difference is that Murdoch has treated News Corp. not as a trust but as a vehicle to get richer and more powerful. From one newspaper in a provincial Australian city, he has built a global empire that now encompasses 20th Century Fox, MySpace and the Times of London. The man has shown a remarkable ability to sniff opportunity where others don't. But he is 76, he won't be around forever, and it's hard to say what News Corp. will...
...August, Paramount releases Stardust, an adaptation of a Neil Gaiman novel about a nerdy 19th century lad who ventures from England to a magical land to retrieve a fallen star. The live-action movie covers many of the same themes as the ubiquitous cartoon parodies--be yourself, don't trust appearances, women can be heroic too. But it creates its own fantastic settings (a seedy witches' bazaar, a sky pirate's dirigible ship). There's a kind of surprise and unembarrassed majesty that come from minting original characters and imagery rather than simply riffing on our cartoon patrimony...