WHEN James Britt Donovan finished college, he asked his father to buy him a newspaper. That request was typical of Donovan's positive-thinking approach to life. At New York's Fordham University, where his classmates voted him "best all-round man," he had prepared for a career in journalism, and it seemed sensible to start out as owner-editor-publisher of his own newspaper rather than as a cub reporter on somebody else's. His father, a high-fee New York surgeon, agreed to buy his son a newspaper, but he laid down a condition: James would have to get...
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