Press: Troubleshooter

In the last few years, the Crowell-Collier Publishing Co. (Collier's, Woman's Home Companion, American) has been having trouble. To pep up Collier's, the biggest troublemaker, a series of drastic shake-ups was prescribed (TIME, June 22, 1946 et seq.). But there was little improvement. Crowell-Collier's earnings dropped from a high of $6,500,000 in 1946 to a scant $76,497 in 1952, or 5¢ a share, the lowest of any major U.S. magazine-publishing house. This week Crowell-Collier announced that it had hired a new vice president, who will "take a hard look at everything here." The troubleshooter: Paul C. (for Clifford) Smith, 44, who,...

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