The Press: Boston Bargain

Boston's ailing Post, losing money at the rate of $12,000 a week, is the last thing most people would want to buy. But Boston's self-made tycoon, John Fox, 45, has won millions, big oil & gas holdings, and the biggest single bloc of Western Union (TIME, Dec. 3) by an unorthodox approach. "I buy securities when nobody loves them," says Fox. "The worse they look, the better bargain they are." By Fox's rule, the unloved Post looked like a bargain indeed. Last week, for a reported $3,100,000, he bought it.

With the 121-year-old morning...

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