Advertisement

Stockholders approved the sale of the New Yorker.

Share

The New Yorker, for 60 years a showcase for such talents as J. D. Salinger, John Updike and Dorothy Parker, became the property of publishing magnate S. I. Newhouse Jr. at a stockholders’ meeting punctuated by protests. The $168-million sale was ratified by a vote of about 632,517 shares to “slightly under 6,000 shares,” publisher J. Kennard Bosee announced at the meeting, adding that “the New Yorker clearly will not be a public company after today.”

Advertisement