Cincinnati's three newspapers last week had Page One news in which all three figured. Up for sale went a block of bonds convertible into 36.5% of the stockworking controlof the city's only morning and Sunday paper, the prosperous Enquirer (circ. 206,408). Among the bidders: the Scripps-Howard chain, which owns the Cincinnati Post (circ. 164,646), and the city's third paper, the Taft-owned Times-Star (circ. 154,314), which narrowly missed taking over the Enquirer in 1952. The winner: Scripps-Howard, which paid $4,059,000 against a Times-Star bid of $2,380,051.
The bonds were sold by Chicago Financier Harold L. Stuart, 74, who got them for $1,402,200 in...
To continue reading:
or
Log-In
