'The 79-year-old Indianapolis News, once published by Theodore Roosevelt's Vice President (Charles W. Fairbanks), was long the kingpin of the Hoosier press. James Whitcomb Riley and Kin Hubbard once graced its staff, and Press Lord Roy Howard, a home-town boy, got his first newspaper job at $4 a week. Lately, with rising costs and dwindling profits, the News needed a new building and new presses—and perhaps a new management.
Many a big-time publisher dropped around to take an appraising look. But last week it was a neighbor who went to the rescue. In a reorganization and stock transfer, Eugene Collins Pulliam bought...
To continue reading:
or
Log-In
