The Press: Tribulations

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Of all the illustrious American dailies gone to that great newsstand in the sky, few have been so deeply mourned as New York's old Herald Tribune. Founded as the Tribune in 1841 by Horace Greeley, married in 1924 to the popular Herald, and killed in a 1966 shootout in the city's competitive marketplace, the Trib was for decades palpitating proof that a paper could be both serious and fun.

The memory lingers on. Some time around Thanksgiving a group of conservative investors led by Leonard Saffir, 47, a longtime aide to...

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