The Press: Democracy at Work

It was a noble if curious experiment in publishing. The bosses of the new magazine '47 were the 363 writers, artists and photographers who owned and contributed to it. The editor and publisher was the man who thought up the idea, 39-year-old Jerome Ellison (TIME, July 1). Last week, after three issues, he was out. His stockholder-contributors didn't like what he did with their stuff.

"What we were putting out," said one '47 executive, "was not daring or new. It was more like '27 than '47." And its circulation (around 350,000) was still 100,000 shy of the break-even point that Ellison...

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