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...hurried outside. Sure enough, their picket line had melted away. There was no longer a Philadelphia Record for them to picket. Tired of a fight that nobody seemed able to win, impulsive, New Dealing Publisher J. David Stern had shut up shop and sold out. The buyer: conservative Robert McLean, head of the rich Evening Bulletin and president of the Associated Press...

Author: /time Magazine | Title: The Press: Nobody Wins | 2/10/1947 | See Source »

Lost Voice. In going out of business, Dave Stern left the third largest city in the U.S., which once had 16 newspapers, with only two major dailies-and only one editorial viewpoint. With the crusading Record, conservative Publisher McLean got powerful (50,000 watts) Radio Station WCAU and the Camden papers. McLean intended to keep the radio station going and incorporate the Record's Sunday features (among them the American Weekly) in a Sunday edition for the Bulletin. The profitable Camden papers and the weekday Record, which he did not want, he could sell at his leisure. Meanwhile...

Author: /time Magazine | Title: The Press: Nobody Wins | 2/10/1947 | See Source »

...Washington, the Treasury had good news for Vincent Astor and Evalyn ("Hope Diamond") Walsh McLean. Astor had overpaid his '44 income tax by $29,788, Hostess McLean...

Author: /time Magazine | Title: People: People, Jan. 27, 1947 | 1/27/1947 | See Source »

Corrigan will take over from the Federal Government's Defense Homes Corp. two of the nation's big wartime housing developments: Fairlington, across the Potomac in Virginia, with 3,439 apartment units; McLean Gardens, on the site of the old Evalyn Walsh (Hope Diamond) McLean estate, with 1,912 units. DHC tossed a 180-apartment development in Bremerton, Wash, into the bargain. Corrigan's end of the deal: $4 million cash, the balance on a 28-year mortgage...

Author: /time Magazine | Title: The Texas Ranger | 1/27/1947 | See Source »

Corrigan had topped 26 other bidders (including the inadequate but politically embarrassing $9 million bid for McLean Gardens from the Veterans Cooperative Housing Association). The fact that Leo Corrigan made off with these two prized housing developments (they have all been profitable to DHC; would surprise no Texans, who know Corrigan as probably the biggest real-estate operator in the Southwest...

Author: /time Magazine | Title: The Texas Ranger | 1/27/1947 | See Source »

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