Australian Rupert Murdoch buys Hearst's Boston paper
The Boston Herald American was dying, it seemed, even before it was born. Founded in June 1972 as the merger of a played-out Hearst tabloid, the Record American, with a once elegant Brahmin broadsheet that had gone broke, the Herald Traveler, the fledgling paper lost more than $35 million in its first decade. Its circulation, 238,000 as of last week, was less than half that of the rival Boston Globe (circ. 510,000), which runs away with four times the advertising linage. Thus almost no one in Boston was surprised when the Hearst Corp. announced that...
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