The Press: Phoenician Invasion

Restless, acquisitive Eugene C. Pulliam, a onetime police reporter on the Kansas City Star, has always hankered to be a big publisher. Since 1917 he has bought 43 midwest papers, sold 35 of them. Mostly the deals were just for practice, but he was playing for keeps when he bought control of the Indianapolis Star (for $2,500,000) in 1944. Last week Publisher Pulliam, a crew-cropped six-footer, pulled his biggest deal of all. In bustling Phoenix (Ariz.) he bought the Republic (circ. 56,810) and Gazette (33,494), a money-making mo— nopoly. Price: $4.000,000 cash. Agent: burly Smith Davis, newspaper broker who is usually...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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