In Manhattan's Crowell-Collier Building one day last week, employees lingered at their desks long after their day's work was done. Above them, on the 18th floor, the company's board of directors was deciding the fate of the long-ailing fortnightly Collier's and the monthly Woman's Home Companion. As the hours wore on, some staffers broke out bottles to brace them selves for the expected shock. At 10:30 it came. Board Chairman and Editor in Chief Paul Smith announced that Collier's would fold with the Jan. 4 issue and the Companion with the January issue, both out this week.
Out of jobs immediately were...
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