Ramparts Magazine

https://www.sourcewatch.org/index.php/Ramparts_Magazine


"But the till was empty by 1969. While Horowitz blames Hinckle's big spending, Hinckle says the magazine's pro-Palestinian stand and involvement with the Panthers alienated advertisers and investors. He says that Ramparts owed $2 million when he started and $6 million when he left six years later. 'It was money well burnt!' he says. ' Ramparts was the only magazine that tried to apply left-wing opinion to the American marketplace, and people forget what that means.'
"Horowitz and Collier revived the magazine, slashing its $200,000 monthly budget to $60,000 and its staff from 50 to 15. Under this egalitarian regime, everyone drew the same salary and names were listed in alphabetical order on the masthead. 'It was utter chaos,' recalls Horowitz. 'We laid off half the staff every six weeks to collect unemployment.'"