The Press: Philadelphia Purchase

Fishing on his 2,000-acre ranch in the Black Hills of Wyoming, Moses Louis Annenberg heard last month that the Philadelphia Inquirer could be purchased by anyone who had a desire to own a large morning newspaper and $15,000,000 in cash. Mr. Annenberg had both. Forthwith he sent one of the five Annenberg sons-in-law to Paris to dicker with the Inquirer's socialite owners, Mme Eleanore Elverson Paternõtre and her sleek son Raymond, onetime Undersecretary of State for National Economy, member of the Chamber of Deputies and publisher of the Paris Petit Journal. Last...