Magazines: A Change of Charity

For ten years, Publisher George C. Kirstein had been shelling out his own money to keep the liberal weekly Nation alive. As a staffer put it, "It was time for a new charity." Last week James J. Storrow Jr., 49, a Bostonian who has made a small fortune from film and food companies, took over the burden from Kirstein. "The posture of a dissenter is not a profitable one," the new publisher conceded. "One does not grow rich by shooting sacred cows."

Storrow is unlikely to shoot the Nation's own sizable herd of sacred cows. "I've never met a man...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!