The Press: Bargain for Sam

In 38 years at the game, Publisher Samuel I. Newhouse has never exhausted either the will or the cash to buy newspapers. Fortnight ago, he added to his 14 papers by acquiring a healthy $3,600,000 slice of the Denver Post (TIME, June 20). Last week, still hot after bargains, Newhouse made a quick trip to Massachusetts, came home with a $4,000,000 piece of Springfield's three jointly held newspapers.

If anything, the second buy was a better bargain than the first. The Denver Post has been barely scraping by on the balance sheet, but the...

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!