The Press: Cutting the Chain

While he lived, William Randolph Hearst was a hang-the-cost sort of press lord, who treasured his newspapers as though they were rare and lovely gems. But after his death in 1951, control of his empire passed to a businessmen's trusteeship far more interested in profits than in jewel collecting. In recent years, Hearst Corporation President Richard E. Berlin and General Manager Harold G. Kern have kept the bill collector from knocking too loudly by trading off, every now and then, one of the less profitable baubles from the old chain. In 1956, they sold the Chicago American. Three years later, they...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!