The Press: Hearst's Eighth

Weakest spot in the weakened Hearst empire has for many months been the Chicago Herald & Examiner. Further devitalized by a Newspaper Guild strike, which cost it an estimated $30,000 a week in advertising revenue, the Herex was kept going for two reasons: 1) it accounted for 1,000,000 circulation of Hearst's rich American Weekly; 2) it was one of Chicago's two morning newspapers. Last week the bankers who manage the Hearst finances decided they could no longer carry the Herex. This week it merged with the evening American, leaving the No. 2 U. S. city with only one morning paper, the...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!