After his defeat in last fall's election, Michigan's Democratic Senator Blair Moody, long the Washington correspondent for Detroit's News, told friends he would like to start a newspaper "if I had $10 million."
Last week Moody's wistful hope seemed less of a pipe dream. With a syndicate of well-heeled and well-connected backers of predominantly Democratic leanings, Moody took a 15-year lease on Detroit's Michigan Rotary Printing Co., which has been printing a profitable 800,000-copy Shopping News, and several weeklies. Its modern presses could easily print a daily newspaper of either 32 or 48 pages....
To continue reading:
or
Log-In
