The Press: A Home for the Sun

Marshall Field, who has money to burn, was in a buying mood again. Last week, jingling a pocketful of change, he went shopping for a second Chicago newspaper. He put a $5,339,000 check in the bank and invited the 488 stockholders of the tabloid Chicago Times to come & get it. He was offering $60 a share for stock that was quoted at $37.

Field didn't need the afternoon Times so much as he needed a place to print his morning Sun. Since it began, six years ago, the Sun has been a paying guest of the Chicago Daily News. At first,...

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