Article: Home free: is delivering free newspapers to affluent homes a recipe for success in today's volatile media environment? The fate of Philip F. Anschutz's three Examiner dailies should provide a clue.

IN 1981, Henry Grunwald, then editor-in-chief of Time Inc., and another company executive paid a visit to newspaper consultant John Morton. Time's Washington Star had recently folded, just three years after the company acquired the daily. But Grunwald still wanted to have a paper in the nation's capital, Morton recalls. The pair asked him to figure out what kind of paper that should be.

Morton, who is also a longtime AJR columnist, conducted an analysis and came back with a verdict: "What it ought to be is free. It ought to have a distinctive but fairly conservative look," he recalls saying. And it ought to be mailed to the 200,000 richest households in the ...

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