Press: Defeat of Clay

Felker loses Esquire

"What happened with New York will never happen again," vowed Editor Clay Felker after his humiliating loss of that magazine in 1976 to Australian Publisher Rupert Murdoch. Never can be a very short time in the publishing business. This week Felker will lose another magazine, Esquire (circ. 650,000), which he bought in 1977 with money from British Publisher Vere Harmsworth's Associated Newspapers. Associated is selling most of its interest in Esquire to 13-30 Corp. of Knoxville, Tenn., a small but fast-growing publisher of specialized magazines (New Marriage, Nutshell, Graduate) aimed...

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