The Press: Publisher at Bay

As a newspaper publisher, Glenn McCarthy operates on the same theory as he does when he is wildcatting for oil: if at first you don't succeed, just pour in another hundred thousand or so. Five years ago, McCarthy bought up the Citizen chain of nine neighborhood throwaways in Houston and put his theory into practice. For some time the going was rough; Citizen bill collectors went knocking on advertisers' doors the day their ads appeared. But McCarthy, undaunted, poured $1,000,000 into his chain, expanded into Houston suburbs as well as south into Texas City and the Freeport area. With lots of...

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