ABC Evening News for Friday, Dec 08, 1972
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(Studio) "Life" magazine ceases publisher after 36 years
REPORTER: Harry Reasoner
(NYC) Photo journalists like Margaret Bourke-White, Larry Burrows, contributed to "Life." [Editor-in-chief, Time, Incorporated, Hedley DONOVAN - says "Life" losing money for 4 years] Impact of television and higher postage rates contribute to decline of Life. [Film critic Richard SCHICKEL - expresses regret at loss of publisher]
REPORTER: Howard Tuckner
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