The Press: Trouble in New York

New York has everything. For all the shortcomings, the best New York newspapers are the best in the country. The city is brimful of news. It should be the paradise of the newspaperman.

When Stanley Walker, the inspiring city editor (1928-35) of the Herald Tribune, wrote this eulogy 20 years ago, New York City was indeed something of a newsman's paradise. Journalism had become a profession, and New York was its university. A New York byline was a ticket to fame, a New York salary the way to fortune.

But in the years since then,...

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