The Rothman Scandal (2016)
“Newsdealers from across the Hudson, in Manhattan, Brooklyn, and the Bronx, now begged to stock the weekly tabloid on their stands. This put Ho in a unique position of power, and he was quick to seize it. Newspapers were sold in those days—and most are today—on a returnable basis. In other words, newsdealers were able to return any unsold stock to the publishers for credit. Ho informed the big-city dealers that, if they wished to stock his newspaper, the terms would be cash, and no returns. Ther...e was considerable grumbling over this policy, but Ho was adamant. “Supply and demand,” he said, citing one of Sadye Rothman’s capitalist precepts. “You demand, I supply. No returns.” This no-returns policy continued to apply to Rothman newspapers to this very day.
Handling this sudden spate of new business, needless to say, presented serious distribution problems for the youthful publisher, but Ho was still unwilling to take on any extra paid hands. Fortunately, his new friend Sophie Litsky and her family came to his rescue.MoreLess
Handling this sudden spate of new business, needless to say, presented serious distribution problems for the youthful publisher, but Ho was still unwilling to take on any extra paid hands. Fortunately, his new friend Sophie Litsky and her family came to his rescue.MoreLess
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