A Big Little Magazine Quits After 80 Years

The New Leader is closing after 80 years of publication. “The New Leader has a circulation of roughly 12,000, down from a peak of about 30,000 in the late 1960’s, and like most magazines of its kind, it runs at a loss – some $400,000 a year in this case. Back in the 50’s, it was said to receive occasional support from the C.I.A., but it has been more reliably sustained by contributions from, of all places, an institute financed by Tamiment, the famous Poconos resort and proving ground for the likes of Sid Caesar and Danny Kaye.”