'THE literary magazine, London Review of Books (LRB), has run up mountainous debts of £27m. The fortnightly, whose writers include Alan Bennett, Hilary Mantel and Hanif Kureishi, owes the money to the family trust of its long-standing editor, Mary-Kay Wilmers. 'Wilmers, 71, is an heiress to a fortune made in the fur trade, originally by her Russian Jewish forebears before they moved in the 1930s to the United States. The family trust has allowed Wilmers to accumulate these huge debts, which can continue with “no intention of the lender seeking repayment of the loan in the near future”.
Read on: http://entertainment.timesonline.co.uk/tol/arts_and_entertainment/books/article6999923.ece