The Press: Fox & Hounds

Boston's sickly, 125-year-old Post made news each morning last week simply by coming out. Though the Post itself printed not a line about its ordeal, no well-informed Bostonian would have been surprised to see the paper collapse or pass suddenly into new hands. The daily was in an almost comic mess−creditors swarming, funds attached, payroll delayed, newsprint delivered only for hard cash, and negotiations begun for a distress sale.

Eccentric, self-made Financial Juggler John Fox, 49, snapped up the paper four years ago, when it seemed that its fortunes could go no lower. An enthusiastic cub as publisher and columnist ("Washington Waters"),...

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