The New York Post is one of the oldest newspapers published in the United States. It is owned by Australian-born billionaire Rupert Murdoch's News Corporation and is the 12th largest newspaper (in terms of circulation) in the United States. Its editorial offices are located at 1211 Avenue of the Americas, in Manhattan.
The paper was founded by Alexander Hamilton and a group of investors for $10,000 in the autumn of 1801 as the New-York Evening Post, a broadsheet quite unlike today's tabloid. Hamilton's co-investors included other members of the Federalist Party such as John Jay, Oliver Wolcott and Rufus King who were dismayed by the election of Thomas Jefferson and the rise in popularity of the Democratic-Republican Party. The meeting at which Hamilton first recruited investors for the new paper took place in the country weekend villa that is now Gracie Mansion. Hamilton chose for his first editor William Coleman, but the most famous 19th-century Evening Post editor was William Cullen Bryant, a strong Abolitionist. In 1881 Henry Villard took control of the Evening Post, which in 1897 passed to the management of his son, Oswald Garrison Villard, a founding member of both the National Association for the Advancement of Colored People and the American Civil Liberties Union. In 1933 the Post briefly changed to a conservative tabloid format. Dorothy Schiff purchased the paper in 1939 and her second editor (and husband) Ted Thackrey turned it into a pure tabloid format in 1942. In 1976 the Post was bought by Rupert Murdoch.
While in the past the newspaper had been a long-established politically liberal stalwart, in recent years the paper has adopted a conservative slant, reflecting Murdoch's politics. Murdoch imported the sensationlist "tabloid journalism" style of his British papers such as the The Sun - typified by the Post's famous April 15, 1983 headline: HEADLESS BODY IN TOPLESS BAR and even rerunning The Sun's famous GOTCHA headline, this time in regards to the murder of Abu Musab al-Zarqawi instead of the Falklands War.
Due to the institution of federal regulations limiting cross media ownership, Murdoch was forced to sell the paper in 1988 to Peter S. Kalikow, a real estate magnate. When Kalikow declared bankruptcy in 1993, the paper was temporarily managed by Steven Hoffenberg, a financier who pled guilty to securities fraud; and, for two weeks, by Abe Hirschfeld,who made his fortune building parking garages. The Post was repurchased in 1993 by Murdoch's News Corporation, which was granted a permanent waiver by Congress from the cross-ownership rules that had forced him to sell the paper five years earlier. Under Murdoch's direction, the paper has affected a populist conservative editorial viewpoint.
The New York Post is also well known for its gossip columnists Liz Smith and Cindy Adams. The best known gossip section is 'Page Six', edited by Richard Johnson. It is reported that "Page Six" is the first thing many celebrities turn to each morning. Feb. 2006 saw the debut of Page Six: the magazine, edited by Jared Paul Stern, which was distributed free inside the paper.
News Corp. does not release figures, but outsiders estimate the newspaper has been losing $15-30 million a year, and some speculate Murdoch operates the paper at a loss because of the political influence the newspaper affords him. Industry experts suggest that the Post cannot become profitable as long as the competing Daily News survives, and he may be trying to force that paper to fold or sell out. *
Critics feel that the Post allows its editorial positions to shape its story selection and news coverage. But as the Post executive editor, Steven D. Cuozzo, sees it, it was the Post that "broke the elitist media stranglehold on the national agenda." Post supporters cite a series of recent scandals at the supposedly-reputable broadsheet New York Times as proof that this problem is scarcely unique to the Post.
According to a survey conducted by Pace University in 2004, the New York Post was rated the least credible major news outlet in New York, and the only news outlet to receive more responses calling it "not credible" than credible (44% not credible to 39% credible). *
There have been numerous controversies surrounding the Post, often due to their use of language that some feel is overtly racist or ethnically insensitive. Most recently, for example, several Asian-American advocacy groups protested the use of the headline "Wok This Way" for an article about President Bush's meeting with the president of the People's Republic China. *
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