Out of the dingy downtown headquarters of Hearst's Los Angeles morning Examiner stepped Managing Editor William A. Townes, 52. Suddenly he was trapped in the glare of television floodlights. Bill Stout, newscaster for Los Angeles station KTLA, had his microphone at the ready. Could Townes confirm persistent reports that the Examiner was about to die? No, said Townes, he could not. Then he added quietly: "I am sad because I believe the rumors are true."
Thus, the rival medium of TV plastered all over town the biggest Los Angeles newspaper story in more than a decade. By week's end, the whispers that...
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