Publishing: Trustbusters in Tucson

Tucson's morning Arizona Daily Star (circ. 44,000) was up for sale and, at an asking price of $8,000,000, it seemed a good buy. Profits were high and the paper owned valuable real estate besides. Prospective purchasers ranged from Robert White, co-publisher of the prosperous Mexico (Mo.) Ledger, to Minneapolis Star & Tribune President John Cowles. But the out-of-towners never made it. The afternoon Tucson Daily Citizen (circ. 45,000) beat them to the draw by anteing up $10 million for the Star because of "a desire to see this strong, outspoken newspaper remain...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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