Friday, October 07, 2005
Tetra-Pak tycoon buys Granta
According to this Reuters piece by Jeffrey Goldfarb, Swedish-born philanthropist Sigrid Rausing has purchased Granta from American-born philanthropist Rea Hederman. Rausing, whose enterprises include a human-rights trust based in the UK and a new publishing house, Portobello, should have no difficulty bankrolling the magazine through the next millenium: her family fortune, derived from the Tetra-Pak beverage carton, is estimated at five billion pounds. Footnote: this isn't the first time such a humble item has done its bit for literature. Jeffrey Kittay, founder of the late and lamented Lingua Franca, propped up his publication with a legacy from his father, underwear mogul Sol Kittay.
