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August 01, 1973 - Image 5

Resource type:
Michigan Daily, 1973-08-01

Disclaimer: Computer generated plain text may have errors. Read more about this.

Page Five
New York to have
fourth newspaper

A point by Peron
Juan Peron speaks at a press conference opening his third presidential campaign. He declared
that Peronism would lead Argentina down a middle road between capitalism and communism.

NEW YORK (UPI) - Manhat-
tan's new afternoon newspaper,
the New York Press, is now
scheduled to appear next March,
its proprietor, oil magnate John
Shaheen, disclosed yesterday.
The project has been delayed
in order to remodel the old
Morning Telegraph plant which
Shaheen has bought. Remodeling
was necessary to accommodate
a large new Goss.full-color litho-
graphic printing press. The press,
already manufactured, requires
a vertical clearance of 28 feet.
ALTHOUGH HIS intention has
been an open secret for months,
Shaheen has been reluctant to
talk in detail about his newspaper
venture until now.
The Press will appear Mondays
through Fridays with Bruce Mair,
last publisher of the old Newark
Evening News, as publisher. Sha-
heen said he now is looking for
several editorial executives and
possibly- a political cartoonist.
He is aiming at a circulation
of 350,000. "Although the Press
will be an evening paper, we ex-
pect to compete more with the
morning New York Times and
the Wall Street Journal than
with the tabloid evening New
York Post," he said.
ALTHOUGH IT will be a gen-
eral interest daily, The Press
will be strongly oriented to busi-
ness and economic news, Shaheen
said. It will have four editions,
starting at noon.
"Our last edition with final Wall
Street prices will go to press an
hour later than the edition of
the next morning's Wall Street
Journal sold at most newsstands
in the city," he said. "So we
figure to be 15 hours ahead of
the morning papers with the
day's b u s i n e s s and financial
Shaheen already has poured $6
million into The Press but says
he is convinced the paper will
succed. "I have no illusions about
the problems of publishing metro-
politan newspapers today," he
said. "New York has only half
as many newsstands now, for
example, as in the days when
Manhattan had four afternoon
papers. That will be a handi-
SHAHEEN HAS contracted for
sale of The Press in the subway

stations. Failure to put up the
deposits required for this was
one reason the revived Daily
Mirror, a morning tabloid, closed
last year after appearing for
about 12 months.
By e m b r a c i n g lithographic
printing Shaheen has avoided the
need to sign a contract with the
New York local of the Interna-
tional Typographical Union. He
has contracts with the lithograph-
ers and other unions and expects
to start with working force of
In the publishing trade, there
is a general feeling that Shaheen
is moving into a tough area. In-
dustry spokesmen point out that
the last new afternoon paper in
New York, the World Journal
Tribune, was losing $800,000 a
month when it ceased publication
after operating less than a year.
SHAHEEN SAID the Press will
assume a vigorous political and
social stance-"I don't like bland
newspapers." He said his own
economic views are "to the right
of the late Senator Robert A.
Taft, bat my social views are to
the left of those of Franklin
Delano Roosevelt. I see no con-
tradiction in that, if we want
expensive s o c i a 1 progress we
have to pay for it.
"The logical way to pay for it
is through business expansion
and business grows best under
laissez faire economics."
Shaheen became interested in
launching a s e c o n d afternoon
paper in New York partly be-
cause he is preparing to build a
newsprint mill near his oil re-
fining complex in Newfoundland.
"But," he said, "I studied jour-
nalism in college in Illinois and
once reported for the City News
Bureau in Chicago. I've dreamed
of o w n i n g a newspaper for
ents have used the UCLA com-
puter system to allocate space
in the university's automobile
parking lot. Applicants' address-
es and schedules were fed into
the machine which sent back the
names of seven other students in
their immediate neighborhoods
with about the same schedules.
Car-pooling students were given a
higher priority for spaces.

SGC is looking for a DIRECTOR OF STUDENT
ORGANIZATIONS. This is a non-salaried posi-
tion which entails sitting on the Student Or-
ganizations Board, acting as advocate, trouble_
shooter and problem solver for various groups,
reviewing applications for regitration, etc. All
applicants must be students. The time commit-
ment is about 20 hours per week. This is a
wide-open position and offers a good deal of
potential for creativity and organizational in-
novation. For further information call 764-
0207 or 764-0436. Interviews will be happen-
ing shortly.

Daily Official Bulletin
Commission for w a a e Meeting:
Homer Heath Lounge, Union, 11:30 am.
Audio-visual Films: "The Making of
a Poet," And. 3, MLB, 7 pm.
GrSadaoffee Hour:E. C ont. Rm.
Rackhaem, 8 pm.
University Players: wiliams' "Cat On
A Hot Tin Rnoo," Power Otr., 8 pm.
Music School: Steven. Cassidy, piano,
Caly Music Ro., Stearns Bldg., 8pm.

Garrard Turntable Sale!
REG. VALUE $125.00
ON SALE for X90.00
REG. VALUE $160.00
ON SALE for 1125.00
REG. VALUE $230.00
ON SALE for 1175.00
Ann Arbor Music Mart
336 S. STATE 769-4980

DIAL Open Daily 12:45
665-6290 Shows at
MICHIGAN 603 E. Wednesday Is Bargain Day Only
Liberty $1.00 before 5 p.m.
readers" MS~A~~
Uited Artists
Power Center JULY 31
Boo Office TONIGHT through
763-3333 viui
2:30-8 p m. AUGUST 4
8:00 p.m.
in the air-conditioned POWER CENTER
TICKETS $2.00-$3.00

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