A Letter From The Publisher: Aug. 31, 1962

THE handsome new building (right) ' under a brooding Paris sky is the $5,000,000, nine-story TIME & LIFE building on the Avenue Matignon, just off the Champs Elysees. When the building opens this fall, TIME Inc. will occupy the top three floors; the rest of the office space has already been rented, mostly to subsidiaries of U.S. companies.

The lowering sky may come from the fact that the unretouched picture shown here was transmitted last week with the speed of light from Paris to the TIME & LIFE Building in New York City, bouncing off the communications satellite Telstar as it hurried...

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