The Press: Goodbye Dolly, Hello Rupert

Rupert Murdoch, 45, the Australian-born press buccaneer, first met Dorothy Schiff, 73, the coquettish editor in chief and publisher of the New York Post, one afternoon about six years ago. "I rang her up, as fellow publishers tend to do," he recalls, "told her I was in town and would like to have a look at her plant." It was love at first sight. "I lusted after the Post," he says. So had many others. The oldest continuously published daily in the U.S., the Post (circ. 500,000) has been the only afternoon paper in...