The Press: Paper for Sale

The 114-year-old Brooklyn Eagle has been for sale ever since Eagle Publisher Frank D. Schroth closed it down after a 47-day strike of the Newspaper Guild. But no buyers have appeared. One reason they have been scared off is some $750,000 in severance credit, vacation pay, etc., that the union claims the paper owes its 315 striking members, an obligation a buyer might have to take on. Furthermore, a new publisher would face the same labor problems that Publisher Schroth faced (TIME, Feb. 28). The Guild has shown no signs of compromising its original demands, is still picketing the Eagle building....

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