Bank-'socialist hog offal'

The paper won its first of three Pulitzers, just before old Dan's retirement in 1945, for its editorials urging the formation of the United Nations. The second came during the Vietnam war, when Dan's son and successor, William T. 'Tom' Osborne, drove Lyndon Johnson to distraction with antiwar screeds so elegantly incisive that papers all over the country regularly reprinted them, and Frank Church and J William

Fulbright read them aloud on the floor of the U.S. Senate. The Herald's third Pulitzer, ten years later, went to Eric Osborne for the 'Letter from the Wilderness' reports that ceased only when he died the previous May, bludgeoned to death on one of the mountainsides he had so lustrously vivified for his readers.

Eric's was the most recent addition to a gallery of photographic portraits that half-filled the wall at the end of the Herald's second-floor newsroom in an old Victorian block on Edensburg's Main Street. Founder Dan Osborne was there, and his son Tom, and a series of managing and news editors, one of the earliest scowling out from under a green eyeshade, several of the later ones sporting polka-dot bow ties above their bulging oxford-cloth collars-the entire gallery comprising what I later heard some of the younger Herald reporters refer to as 'the dead white males.'

Janet Osborne was the Herald's first female editor, selected by her father upon his retirement in 1985 because, he told her, 'You're the best man for the job.' No one within the family, and few outside it, doubted the wisdom of the choice. Among Janet's siblings, only Eric had been as qualified as she was to put out the paper, and he hadn't been interested. He'd have had to come in out of the wilderness too often.

Eric's and Janet's brother Dan, namesake of the founder, had approximately the right politics for the editor's job, but he was notoriously hotheaded and inept in his interpersonal relations and would have driven the entire news staff at the Herald up the wall or out the door in a matter of weeks. Nobody in the family wanted that, despite the tug of Dan's name, pedigree, and gender. Nominally, Dan Osborne was 'publisher' of the Herald, but a nonfamily member actually ran the business side of the paper, freeing Dan to organize on behalf of leftist third-party political candidates and lead sugar-harvest expeditions to Cuba.

Dan's early participation in the Venceremos Brigades was a source of sour amusement with the two of Tom Osborne's offspring who somehow turned out politically conservative. Chester, an Edensburg stockbroker, and June, who had devoted her years as head of the Eden County Museum board of directors to keeping twentieth-century art out of the museum and all but out of the county, regarded their siblings'and parents' and grandparents'-unshakable principled liberalism as a family pathology. Some families produced a lot of harelips, others a lot of liberals

Neither Chester nor June, however, had ever dared interfere with Herald editorial policy. For one thing, deference was due Osborne family tradition, however mushbrained Chester and June considered it. And anyway, the two weren't about to tangle with Janet and Dan-both scrappers who could get rough-or their widowed mother, Ruth Osborne. Even as her health had begun to falter, Ruth was understood by family members to be fully capable of protecting the Herald's pro-gressivism with savvy, diligence and-on rare, awful occasions-cold fury. Once, at a family picnic, June's husband, Dick Puderbaugh, chortled over a Herald editorial calling for Richard Nixon's impeachment- this was early in Nixon's first term-and Ruth tore into her son-in-law savagely, calling Nixon and Henry Kissinger war criminals who ought to be in United Nations-run prisons, and making a connection between the napalming of Asian babies and Dick Puderbaugh's fuel-oil dealership. This was a linkage that even young Dan, then a leader in the SDS, thought might be going too far.

Ruth's role in Osborne family affairs had been complicated recently by early signs of Alzheimer's disease, but only Janet knew about that. She did not expect her mother's so far negligible mental impairment to figure in the family battle over whether to sell the Herald to the good chain or the bad chain-the daisy chain or the chain of fools. But Janet was concerned enough over her mother's mental state that every day she stopped by the old Osborne family home on Maple Street after work en route to 'the lake house,' the Osborne summer home that Janet now shared year-round with her lover, Dale Kotlowicz

I learned all of this Wednesday morning while sitting in Janet Osborne's office, a glass-enclosed rectangle overlooking the Herald newsroom. The desk and decor in Janet's editorial headquarters-which had been her father's and grandfather's-were late Victorian, but the old Underwood typewriter up on a shelf and the pneumatic tubes for shooting copy to the linotypists in the rear of the building had been replaced for practical purposes by a video terminal and computer keyboard. And alongside the old framed wall photos of earlier Osbornes posing with Teddy Roosevelt, Franklin and Eleanor (separately), Chester Bowles, and Al Gore Sr., among others, Janet was pictured smiling happily in the company of Audre Lorde and Adrienne Rich.

Janet gave Timmy and me her twenty-minute Osbome-and-Hemldfamily-and-newspaper history, explaining in the course of her narrative how it all led up to the current crisis. The paper had always been profitable, she said, but in 1988 Stuart Torkildson, the Herald Company's vice president and chief operating officer, came up with a plan to ensure the paper's future economic health in the face of rising costs and growing competition for ad revenues. The company would cash in on the Reagan go-go economic boom with an $18 million mountain resort twenty-six miles from Edensburg in the village of Blue Valley. Profits from the resort, to be called Spruce Haven, were meant to guarantee the paper's survival-and editorial independence, Stu Torkildson emphasized-for at least the next century.

Most of the Osbornes loathed the Republican president that one of the Herald's 1986 editorials referred to as 'an amiable blowfish,' as they did 'the country-club piranhas who swarmed in his wake.' But the Spruce Haven design won prizes for both its esthetics and its uncompromising environmental sensitivity. And if cashing in on the Reagan boom could protect the paper's traditions against the general ongoing dumbing down of American journalism-now often combined with advertising and public relations in a watery porridge called 'communications'- then it made sense to borrow the $16 million the family would need to see the project through and plunge boldly into the new millennium.

Tom Osborne, exhausted and near death from liver cancer, reluctantly endorsed Spruce Haven, as did Ruth, June, Chester, and even Dan. Janet and Eric voted no-they argued that the idea might be sound, but the size of the loan was too risky. And when the Reagan boom went bust, it turned out that Eric and Janet had been right. The customers didn't come-there was no theme park, no casino, no Frank, no Liza-and the resort consistently ran at a third of its capacity and lost money. The Boston bank that had loaned the Osbornes the $16 million got fed up with late or nonexistent mortgage payments and finally declared that if the family company refused to sell its assets- including the still-profitable Herald — then the bank would seize those assets and sell them to the highest bidder.

That's what had led to the family's decision to sell Spruce Haven for whatever amount they might squeeze out of it-a few million had been the broker's prediction, and it was accurate-and to sell the Herald to either (a) the highest bidder, no matter how sleazy the buyer or (b) the bidder most likely to keep the Osbornes running the paper or, failing that, likely to retain the large, excellent staff and maintain the paper's ever-fussy journalistic high standards and unreconstructedly liberal editorial page.

In early March, Crewes-InfoCom, whose reputation was for stripping newspapers and reducing them to little more than shoppers' guides, made an offer that would have left the Osbornes, after taxes, with roughly $8 million to divide. A week later, Harry Griscomb Newspapers, a Portland, Oregon, chain, offered several million less; in selling to Griscomb, the Osbornes — would escape with only a few hundred thousand dollars after paying off the bank and the Internal Revenue Service. Harry Griscomb, however, saw the Herald as a treasure of American journalism whose traditions he vowed to uphold, and for several of the surviving Osbornes that promise was worth more than money. Several other offers fell in between InfoCom's and Griscomb's, all of them from chains whose journalistic standards ranged from the elastic to the unlocatable.

Janet, Dan, Ruth, and Eric planned to vote for selling the Herald to Harry Griscomb. June and Chester were for Crewes-Infocom. The deadline for bids had been August 1, with a sale deadline of September 10 imposed by the Spruce Haven mortgager, which was itself in trouble and itching for its money.

Then on May 15, Eric was killed, by a deranged drifter, police believed. In his will, Eric left his personal belongings and cash assets to his lover, Eldon McCaslin, with his share in the paper-which could be transferred only to another family member-going to his mother. But the company by-laws said no member of the board of directors got more than one vote, so after Eric's death the pro-good-chain margin dropped from 4 to 2 down to 3 to 2. If somehow Janet, Dan, or Ruth died or became too incapacitated to participate, the board would be split, and-with the by-laws requiring that the size of the board never fall below five members-a fifth member would be added to break the tie. The antiquated board rules stipulated that the new member must be the eldest offspring of the eldest third-generation Osborne. Eric and Janet had had no children; Janet and Dale were planning either to adopt a child

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