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The Village Voice reports that The Paris Review will continue depite the recent death of its editor and one of its founders, George Plimpton.
Last week's Plimpton tribute, a celebrity-studded gala at Cipriani on 42nd Street, raised $500,000 for the Paris Review Foundation, bringing the foundation's endowment to about $1 million. Now literary insiders are buzzing about how what used to be a for-profit magazine that lost money every year has turned into a bustling nonprofit with a shot at long-term profitability. Meanwhile, the search for a new editor has begun.