HEADLESS TABLOID IN BOTTOMLESS PIT.

The article comments on the chances of survival of the New York conservative paper New York Post, as of 1993. Alexander Hamilton founded the newspaper 192 years ago. Then it was bought by Rupert Murdoch in 1977 and a racier tabloid style was introduced. Furthermore, the paper was moved to the right and circulation was boosted to nearly a million. Yet the populist conservatism of Murdoch's Post was hated by the liberal establishment. Due to a conflict with Senator Teddy Kennedy, Murdoch was forced to sell the Post, passing it on to developer Peter Kalikow. After this, the staff of the Post suffered through cut backs and salary cuts. When Kalikow's fortunes sagged, lost readers and advertisers, he passed the Post off to financier Steven Hoffenberg. Then it was wrested from Hoffenberg by aging parking-garage magnate Abe Hirschfield. Hirschfield fired editor-in-chief Peter Hamill and then announced 75 more firings. Hirschfield then was a rebellion from practically everyone from the Post.