PUBLISHING: Field Invades

Like a bookstore browser hunting first editions, Marshall Field has shopped around the book business looking for a first-rate buy (TIME, Oct. 9). Last week he thought he had found it. Dipping lightly into the odd $168,000,000 in his pockets, Tycoon Field (publisher of New York's PM, Chicago's Sun, syndicated Sunday weekly Parade, owner of Cincinnati's radio station WSAI) bought smart Simon and Schuster, one of the top merchandisers in the book business, and Pocket Books, Inc., which was 49% owned by Simon and Schuster officials. Publisher Field kept the purchase price...

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