Cincinnati's biggest newspaper was up for sale last week. Not because it was losing money, but because it was worth so much. The 107-year-old morning Enquirer (circ. 164,700 daily, 235,000 Sunday) was on the block.
Under the will of John Roll McLean, who made the Enquirer "Ohio's bible," the paper was to remain in trust for his heirs,* along with his mines and real estate. But if the paper increased in value to the point where it was out of balance with the rest of the estate, the trustees were to consider selling it....
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