These two fonts are called Reporter Light & Bold on the CD. Note the midlevel crossbar on the f & t.

The bold variant has ink traps in the M,N,V & W. In the M, especially, these traps are really deep and yield the ugliness seen in the image. Happens in (inkjet) print as well. I assume the typeface hails from pre-digital days then, correct? I'm not sure why the bold g looks distorted. It's not like that really. I'll have to open it up in my font editor and check it out.

Look familiar to anybody?

Oh, and Mike ... I received my "Modern Encyclopedia of Typefaces 1960-90" today! Nice reference book. Thanks for recommending it. It's doubly useful because now I have Berthold specimen images that are actually useful (unlike the Berthold Web site/PDF images).