Back in 1954, two years after John Fox bought the ailing Boston Post, he predicted confidently: "One of the papers now in Boston will not be here on Christmas Eve." Last week, only 18 months behind schedule, Fox's forecast came true. The 125-year-old Post closed down.
Though Financial Juggler Fox, 49, had injected new life into the Post, circulation and advertising dropped (TIME, July 9). Fox himself still owed $1,000,000 of the $3,200,000 he agreed to pay for the paper. Last week, after Fox turned down
Boston Attorney John S. Bottomly's offer to buy the Post, he folded...
To continue reading:
or
Log-In
