The Press: Philadelphia Purchase

Fishing on his 2,000-acre ranch in the Black Hills of Wyoming, Moses Louis Annenberg heard last month that the Philadelphia Inquirer could be purchased by anyone who had a desire to own a large morning newspaper and $15,000,000 in cash. Mr. Annenberg had both. Forthwith he sent one of the five Annenberg sons-in-law to Paris to dicker with the Inquirer's socialite owners, Mme Eleanore Elverson Patern├Átre and her sleek son Raymond, onetime Undersecretary of State for National Economy, member of the Chamber of Deputies and publisher of the Paris Petit Journal. Last...

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