"The proposed postal increase," complained New Yorker Publisher David Michaels, "would go far beyond what the magazine business can support." Richard Deems, Hearst Magazines president, said that his company was "terribly disturbed." John J. McCarthy, a vice president of Dow Jones & Co. (the Wall Street Journal), viewed the figures as "horrendous."
These and other protests came last week as magazines and newspapers fought another round with the U.S. Postal Service over a scheduled rise in second-class mail rates. It was the publishers' turn to lodge "exceptions" to a hearing examiner's report that had upheld the Postal Service proposals. The industry views...
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