The Press: On the Block

On the bulletin board of the Arizona Times, a staffer had posted a sign: WELCOME SHERIFF. F.D.R.'s strapping daughter Anna Roosevelt Boettiger read the notice, grimly marched into her office. It was too nearly true to be funny. Before the Phoenix sheriff got any ideas, Publisher Anna was hoping to sell the Times.

Anna and her husband John had paid $15,000 for the Phoenix Shopping News two years ago, had sunk a reported $580,000 (their own and other people's) into making it a Democratic afternoon daily. But even in its best month the Times lost $5,000. After John quit (TIME, Feb. 16),...

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