Picasso’s Boy Leading a Horse (1905–1906) catches your eye immediately on entering “The William S. Paley Collection: A Taste for Modernism,” much as it must have done when it hung in the foyer of Paley’s Manhattan apartment. As head of CBS, Paley (1901–1990) transformed a clutch of struggling radio stations into a communications empire that he headed from 1928 until his last years. His life with...


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