Springfield, Mass, has three of the most remarkably managed newspapers in the U.S.: the morning Union, the afternoon News and the Sunday Republican. They are jointly owned by their own lush employee benefit and retirement funds, set up by the late eccentric Publisher Sherman Hoar Bowles, who endowed them with much of his personal fortune (Atlas Tack, Longchamps Restaurants, real estate). They jointly bask in a great journalistic inheritance from Sherman Bowles's grandfather Samuel II (1826-78), who made the Republican into one of the nation's top 19th century newspapers.* The Union (circ. 79,719)...
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