Word: annenberg
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...close to 15 years the circulation head of the biggest U.S. daily, the New York News (circ. 2,092,455), has been hulking, bluff Ivan Annenberg, 49, member of a legendary newspaper family. His father Max, circulation boss first of Hearst's Chicago papers and later of Mc-Cormick's Chicago Tribune, directed the roughhouse Hearst-McCormick circulation wars of the early 1900s, later went to New York to build the circulation of the new tabloid News. His Uncle Moe was the boss of U.S. horse-racing news until he was sent to prison in the largest income...
Last week Ivan Annenberg added a new chapter to the stormy Annenberg legend. The News announced that Ivan Annenberg had "resigned" as circulation director of the paper. But Annenberg had another explanation for leaving a job that paid him more than $100,000 a year...
After Publisher Gardner ("Mike") Cowles folded pocket-size Quick last year, he quickly found a buyer for the magazine. The Philadelphia Inquirer's Publisher Walter Annenberg bought the title from Cowles for a reported $250,000, put out his own biweekly Quick in a larger format (TIME, July 20). Annenberg, who also publishes Seventeen, Daily Racing Form and Morning Telegraph, hoped to succeed where Mike Cowles failed by using his Inquirer gravure presses, selling no subscriptions or ads and sticking to newsstand sales. He estimated he could break even with 1,000,000 circulation. Last week Annenberg admitted defeat...
...Walter Annenberg...
...Annenberg started an annual music festival, took over the Philadelphia Forum, gave scholarships in his father's name to college students, bought the city sports Arena and, two months ago, a block-square piece of property in Penn Center (TIME, June 1) to build a community transportation center. At New Jersey's Peddie School, where he prepared for college, Publisher Annenberg proudly recalls that his classmates voted him "most likely to succeed." But, adds he modestly: "I started with an awful lot handed...