The Press: Stern 's Item

In Editor & Publisher, a secondhand dealer last week advertised: "GOING FAST! Machinery, Equipment & Supplies of the Philadelphia Record . . ." It was in February 1947, during a Newspaper Guild strike, that Publisher J. David Stern abruptly sold his Record, two Camden (N.J.) newspapers and a radio station for $12 million to the rival Philadelphia Bulletin. Pot-bellied Publisher Stern retired to a Manhattan penthouse to chain-smoke Optimo Dunbar cigars and dictate his memoirs. But son David III ("Tommy"), now 39, itched to get back in the business, ranged far & wide seeking a good buy. He found it in...

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