Boston's famed, ailing old Post, once the biggest morning newspaper in the U.S., was in a bad way when Financier John Fox paid $3,500,000 for it four months ago (TIME, June 30). It was losing $12,000 a week, and it was doing a poor job of covering and handling the news. To change all that, quick John Fox jumped into his new job of publisher with both feet.
He began trimming costs; he lopped off more than 12 heads in the advertising department and business office, began to shake up the news side. Veteran...
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