Newspapers: How to Retire in Santa Barbara

At 72, Robert McLean, publisher of the Philadelphia Bulletin, plans to spend more and more time in California. Not that McLean is thinking of retiring; he has just paid out some $8,000,000 to buy the Santa Barbara News-Press (circ. 35,000) from its longtime owner, Thomas More Storke, 87.

From Jan. 1, 1901, when Tom Storke began publishing in Santa Barbara on the strength of a $2,000 loan, he held to his faith that the paper would prosper through "advancement of local interests." Over the years as Storke bought or merged with the competing local papers, the News-Press became Santa Barbara's one...

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