Press: Harper's Reborn

At 130, a new foundation

Its August issue, featuring a cover story on a TV evangelist, was to have been its last. Instead it will be the first for a born-again Harper's (circ. 325,000), the nation's oldest monthly, at age 130. Just three weeks after the announcement that it would fold came word of its rescue by a pair of private foundations.

The save was engineered by the $750 million John D. and Catherine T. MacArthur Foundation, set up by the legendary Chicago insurance and real estate Midas before his death in 1978. The MacArthur group will pay the purchase price, reportedly about...

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