The Press: $200,000,000 DOWN THE DRAIN

EVEN before the photoengravers finally voted to end the strike, many a cost-conscious observer had begun to calculate the final bill that New York would have to pay for its news blackout. The Publishers Association totted up "known overall losses" of $178,900,000. New York's Commerce and Industry Association countered with the whopping figure of $250 million and called it "conservative." As if determined to have the last word, the publishers answered that "the financial setback sustained in the city as a result of the strike is so staggering that it defies any reasonable estimate."

Living High. The newspapers themselves accounted for the...

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