Henry Hackett is the editor of a New York City tabloid. He is a workaholic who loves his job, but the long hours and low pay are leading to discontent. Also, publisher Bernie White faces financial straits, and has hatchetman Alicia Clark, Henry's nemesis, impose unpopular cutbacks. Henry's wife Martha, a hugely pregnant former reporter of his, is fed up because he has so little time for his family. He is therefore considering an offer from Paul Bladden to edit a paper like the New York Times, which would mean more money, shorter hours, more respectability but might also be a bit boring for his tastes. Howver, a hot story soon confronts Henry with tough decisions...