The Press: The High Cost of Publishing

In Atlantic City, N.J. last week, Richard W. Slocum, executive vice president of the Philadelphia Bulletin and president of the American Newspaper Publishers Association, stepped up before 1,000 newspaper production men and said sternly: "The day of easy money [for newspapers] is gone . . . Some newspapers have shrunk, and more have died than we like to talk about. More will shrink and die if we do not meet our present-day problems." Publisher Slocum was gloomy about the newspaper business with reason. All over the U.S., rising costs have squeezed profit margins...

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