The Press: Another for Newhouse

Manhattan's bustling Sam Newhouse seldom stops running on his constant tours of his chain of ten newspapers.* Last week, Publisher Newhouse stopped long enough in Hoboken to buy the sickly Jersey Observer and merge it with his Journal in adjoining Jersey City. The Observer, which cost him a little more than $1,000,000, will give his Journal a combined circulation of almost 100,000 and a virtual evening-paper monopoly in teeming (pop. 646,000), industrial Hudson County.

Like many U.S. dailies, the 59-year-old Observer had been squeezed between rocketing production costs and a static advertising intake....

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