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Still, Buckley and his magazine have plenty to celebrate. As perhaps the leading voice of the nation's long-embattled conservative minority, National Review (circ. 91,000) saw its philosophy on the march on Nov. 4. Better yet, the new President is a faithful subscriber who has cited National Review as his favorite magazine, and once said he used it in preparing his radio commentaries and political speeches. Says Buckley, a longtime personal friend of Reagan's: "Obviously, if what you write is being read by the Chief Executive, you've got more power...
Commentary (circ. 50,000). A publication sponsored by the American Jewish Committee, founded in 1945, this intellectual monthly has led at least three lives. It was liberal in the mid-'60s, then radical in the late-'60s. Since 1970, under Editor Norman Podhoretz, Commentary has espoused many conservative ideals such as a stronger defense posture and a permanent American military presence in the Persian Gulf...
...Crimean War and brought word to Britain of Napoleon's defeat at Waterloo. Alas, it appears that the "Thunderer," as the Times has long been known, may soon meet its own Waterloo. Last month the paper's proprietor, Lord Thomson of Fleet, announced that the Times (circ. 315,700) and its sister Sunday Times (circ. 1,418,500) would be shut down if buyers were not found by next March. Last week Thomson, 57, gave some teeth to that deadline: all offers must be submitted by Dec. 31 and, if a sale is not forthcoming, the papers will...
...Times's journalists, their first ever, cost a further $ 1.4 million and is expected to bring 1980 pretax losses to $36 million. Meanwhile, rival Associated Newspapers Ltd. is blaming high production costs and continuing heavy losses for the demise last month of the 99-year-old Evening News (circ. 460,000). Brooded London's Financial Times: "The unions have, at the very least, crippled the goose which has laid many golden eggs...
...Mirror had revenues of $1.6 billion last year from a variety of communications businesses (cable TV, magazines, book publishing). The firm also owns seven newspapers, including the Dallas Times Herald and Long Island's Newsday. But Times Mirror is best known as owner of the Los Angeles Times (circ. 1,013,000), which under Publisher Otis Chandler, 52, has gained a reputation for spending lavishly to maintain editorial excellence...