After sinking an estimated $25 million into his newspaper ventures, Marshall Field III had been loosening his grip on the editorial direction of his surviving daily, the tabloid Chicago Sun-Times (circ. over 610,000 daily). Last fall, though he kept the title of publisher, Field gave 34-year-old Marshall Field Jr. a lift up the ladder; he gave him day-to-day command of the news room to be shared with 50-year-old Managing Editor Milburn ("Pete") Akers (TIME, Nov. 14). This week, the elder Field made the transfer of power complete. He gave up his title of publisher, though he remained on the masthead as...
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