Personal History

"The family of Katharine Graham’s father, Eugene Meyer, had very little money but he had great success on Wall Street. He eventually became what was at the time called a “Dollar-a-Year man”, a public servant in Washington who believed he owed his adoptive country something so he worked for almost nothing in various administrations. In the same spirit, he bought The Washington Post at bankruptcy in 1933. He didn’t really know anything about newspaper publishing at the time but decided that another way to contribute to his country was to publish a newspaper. It didn’t sell well at first and Meyer poured a lot of money into The Post but ended up making it into a very well respected newspaper. Phil Graham, his son-in-law, took up and maintained that standard. Personal History is surprisingly straightforward. Graham grew up with great wealth and privilege but wasn’t supercilious. She is forthright about her foibles; she doesn’t blink and she doesn’t make excuses. She tells some hard truths about herself. It’s the story of a woman who wasn’t really raised to take over the family newspaper but who ended up doing so when her husband killed himself. She decided to run The Washington Post and therefore found herself in the middle of multiple momentous moments in American political history, like Watergate. Her support for the break-in investigation and the publication of the Pentagon Papers had a profound effect on the course of American history and the course of American journalistic history. She presided over the scoop of the century. Also, it’s a great history of Washington, DC, from World War I through the 1990s. Just as any story about the Chandlers is also a story about Los Angeles, any story about Katharine Graham is also a story about Washington, which was a sleepy backwater and is still a rather small community compared to its importance on the world stage. It certainly was when Kate Graham was a young woman. That’s the $64,000 question. The dynasties that have survived in the past and probably will survive in the future are the ones that adapt to the realities and technologies of the present. The Murdochs excel at adapting. They’ve got into television and become multinational. It will be interesting to see what’s going to happen with the phone hacking scandal . That’s an illustration of a publication using modern technology to their advantage, except they got caught. The bottom line is I don’t really know which publishing dynasties will survive into the 21st century. But as the hacking scandal shows, it’ll be interesting to watch."