The Press: New Team

Every year some big city daily changes owners. But on the fingers of one hand can be counted the big city newspapers which have been launched, new, in the last 20 years. So it was a rare event when a new journalistic team this week got down to the work of creating such a paper. Their aim: not simply another but a new kind of newspaper, for New York City.

Head of the group is Ralph McAllister Ingersoll, who has been publisher of TIME since 1937, was managing editor of FORTUNE (1930-35), an editor of The New Yorker (1925-30). In the new...

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