One day in 1928 a smart little newspaperman named Julius David Stern, who was almost unknown outside of Camden, N. J., crossed the Delaware River to Philadelphia and with some of the money he had made from his Camden Post and Courier bought the doddering Philadelphia Record from John Wanamaker. At that time the third largest U. S. city had five listless, uncompetitive and politically hogtied papers. No good newspaperman considered Philadelphia worth a stop between Baltimore and Manhattan.
Today, newspapermen look to Philadelphia for excitement and sometimes jobs. J. David Stern is...