Word: papers
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Dates: during 1970-1979
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...Independent's president, Morris Abrams Jr. '71, could not be reached last night to explain his paper's plans...
Died. Neil MacNeil, 78, author and assistant night managing editor of the New York Times from 1930 to 1951; of uremic poisoning; in Southampton, N.Y. MacNeil was one of the paper's key executives during his 21 years on the night news desk, where he determined what news was fit to print and how prominently. Among his books were An American Peace, which foreshadowed the Marshall Plan, and Without Fear or Favor, a classic study of big-city journalism. After retiring from the Times in 1951, he became co-author of The Hoover Report...
Last January, Murdoch gained control of the 6,130,000-circulation News of the World, a lurid Sunday paper, by outmaneuvering a bigger bidder, Czech-born Robert Maxwell. The deal prompted Maxwell to remark of Murdoch: "He has caught a big fish with a very small hook." Under Murdoch's direction the fish has grown even bigger, with circulation rising despite a price increase to 80 a copy. Last October, Murdoch acquired the dull but earnest daily Sun (circ.: 950,000) for a down-payment of $120,000-considerably less than he paid for his house on London...
Sniffs, Chuckles. Reaction to the Murdoch mixture on Fleet Street, where the news a paper makes is sometimes more important than the news it prints, has ranged from raised eyebrows to winks. The conservative Sunday Telegraph sniffed at his stoop-to-conquer approach: "Be warned, Mr. Murdoch. The British are not all sheep, fit only for an Australian abattoir." A writer in the conservative Spectator chuckled: "All newspapers now are in for a lively time. The chips are down. You might even say the clothes are off too." The 4,925,000-circulation Daily Mirror sneered editorially...
Andrew Brimmer, a governor of the Federal Reserve System and a former Assistant Secretary of Commerce, offered his view in a paper presented to the American Economic Association. He argued that black-owned businesses tend to be small, precariously financed beauty parlors, food stores, and other personal-service or retail establishments catering to a poor market. Most of them owe their existence largely to residential segregation, said Brimmer. Negroes have dim prospects of founding businesses that can compete with white-owned establishments for a broader market, he said, and even in serving Negroes they will have increasing trouble competing with...