The Press: A Wonderful Way Out

For months, the nation's champion newspaper hunter, Samuel I. Newhouse, 67, had stalked the enticing prey. Now it seemed all but in the bag. In Omaha, the World-Herald board of directors, their fears of absentee ownership apparently lulled by Newhouse assurances, accepted his bid of $40,065,780. All that intervened was a meeting of principal stockholders to ratify the board's decision. But last week, at the last moment. Outsider Newhouse lost his Omaha prize to a hometown boy.

The successful bidder, and the World-Herald's new proprietor, is Peter Kiewit (pronounced key-wit), 62, a spare, taciturn...

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!