The Press: Lucky Star

When Texas Banker Joe L. Allbritton bought a controlling interest in the paper last year, the Washington Star was fading fast. An afternoon paper in an era when most people get their evening news from TV, the Star had been in the red since 1970 and was piling up new deficits at a rate of $1 million a month. Now, quite suddenly, the paper is making money.

Golden Ears. The Star owes much to the misfortunes of the Washington Post. One night eight weeks ago, pressmen at the Post (circ. 534,000) walked off the...

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