As the new boss of Crowell-Collier Publishing Co., Paul Smith set as his first goal the job of getting into the black. Last week, after 18 months on the job, he reached it. For the first time in nearly three years, Crowell-Collier (Collier's, American Magazine, Woman's Home Companion) showed a profit: $100,000 for the first half of 1955, v. a loss of $1,734,510 for 1954's first half. In this year's second quarter even Collier's, the company's biggest money-loser, brought in a profit.
Once a profit was in sight, Crowell-Collier President Smith set to work to bring in badly needed new capital. He...
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