The Press: Newsweek's News

At the Manhattan offices of the Vincent Astor Foundation, the visitor from Washington had some difficulty drafting his personal check for $2,000,000: "I didn't know how the hell to add zeroes after the two million, so I just wrote 'Two million dollars' and went squiggle-squiggle with the pen." This, he explained as he handed foundation officers the check, was an earnest of his intent to pay $8,985,000 for the block of stock they had for sale. And so, with a squiggle-squiggle, Philip L. Graham, 45, president of the Washington Post and Times Herald, took control of Newsweek (weekly circ. 1,442,836).

The Astor...

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