The Press: Angry Voice on the Right

As a commercial publishing venture, National Review magazine is a dud. In its brief history, it has spent some $860,000 more than it has taken in. Its founder, Editor in Chief William F. Buckley Jr., 34, works for nothing, says that he had to resign from the Yale Club for "economic reasons." But by Bill Buckley's lights, National Review is nonetheless a spanking success: it has become the most notable U.S. periodical speaking for the far political right.

As of this week, celebrating its fifth birthday, National Review has a circulation of 31,913, placing...