Harper's Publisher Rejects $50,000 Donation

Tens of thousands of dollars in pledges raised by the staff of Harper's magazine won't save any jobs -- or benefit the magazine in any way. That's because publisher John "Rick" MacArthur has informed the magazine's newly-formed union, which organized the pledge drive, that he will not accept the funds. Last night, the following message was posted on the "Save Harper's Magazine" Facebook page:

This afternoon, your generous pledges of more than $50,000 were rejected by lawyers representing our publisher, John R. "Rick" MacArthur. Sadly, he will give no ground on the layoffs, which he intends to see happen before contract negotiations can proceed. Having offered -- last week, and again today -- numerous other ways to reduce costs and avoid cutting experienced staff, we are deeply disappointed in this outcome, but we are truly touched that so many of you (more than 800!) pledged so much in just a few short days.

Read more on Forbes