The Press: Hearst Prunes

Since last summer the biggest unofficial fact in publishing has been that William Randolph Hearst—nearing 75 and acutely "conscious of the uncertainties of life"— is liquidating those parts of his $220,000,000 holdings which make no profit. Junking of three big dailies was strong evidence of the trend. Lease of two more was confirmation. So was consolidation of the two Hearst news services (Universal and International News), the recent disposal of the unprofitable Hearst radio station KEHE, Los Angeles, and the announcement that some $15,000,000 worth of art objects were for sale....

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