The crowd was looking for a show-down when Arthur Sulzberger Jr., publisher of the New York Times, and Donald Graham, his counterpart at the Washington Post, shared a table--and later the podium--at a long-scheduled media-industry gathering in New York City last week. Just a day earlier, Sulzberger had essentially made Graham an offer he couldn't refuse, and seized control of a newspaper the two had published as partners since 1967.
That paper, the Paris-based International Herald Tribune, is little known in the U.S. but prized by Americans who live and travel abroad. The tug-of-war over it won outsize attention for the...
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