(3 of 3)
As for the main loser in the Murdoch drama, Editor Felker spent last week exploring possible new journalistic ventures and several offers of large-scale financial backing. He also declined what he called a "very alluring" job offer. In addition to $1.5 million for his shares in the New York Magazine Co. and a continuation of his old annual salary of $120,000 for three years, Felker won the right to start a new magazine, and he has already taken office space in the slightly rundown town house where New York began its independent existence nearly a decade ago. As a keepsake, he asked to buy the overstuffed Naugahyde sofas from his old office at New York magazine. Murdoch gave them to him.