The Press: The Press, Dec. 12, 1955

On to Birmingham

For the biggest price ever paid for a newspaper—$18,642,000—Publisher S. I. (for Samuel Irving) Newhouse last week bought the Birmingham News, one of the South's leading dailies. The sum brought to $33 million the amount spent in the last five years alone for newspapers by the small (5 ft. 3 in.), publicity-shy New Yorker. Like his last two buys, the Portland Oregonian and the St. Louis Globe-Democrat (TIME, April 4), the purchase of the News put Newhouse into a new region of the U.S. It also put him right behind the...

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